New Issue: Kazakhstan auctions KZT 6.64 billion more 5% treasury bonds due 2021

By Marisa Wong

Madison, Wis., Nov. 8 - The Kazakhstan Finance Ministry said it accepted orders for KZT 6.64 billion of additional 5% long-term treasury bonds (Meukam-108, ninth issue) on Friday.

The ministry said this brings the total issue size to KZT 8.72 billion. The initial KZT 2.08 billion of bonds due 2021 settled on Aug. 23, 2012.

The net price for the latest bonds was 91.5901, corresponding to a yield to maturity of 6.4%. Proceeds totaled KZT 6.15 billion.

Active orders were received for KZT 8.89 billion of bonds. Net prices on submitted orders ranged from 89.3567 to 92.1593, and yields ranged from 6.3% to 6.8%.

The amount of accepted orders represents 44% of the issuer's planned issuance of KZT 15 billion of bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-108, ninth issue)
Amount:	KZT 6,639,000,000
Proceeds:	KZT 6,149,822,989
Maturity:	Aug. 23, 2021
Coupon:	5%, payable annually
Net price:	91.5901
Yield:	6.4%
Auction date:	Nov. 8
Settlement date:	Nov. 8

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