New Issue: Kazakhstan auctions KZT 5.02 billion more 6½% treasury bonds due 2023

By Marisa Wong

Madison, Wis., Nov. 13 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 5.02 billion of 6½% long-term treasury bonds (Meukam-156, second issue) at a special trading session held on Wednesday.

The ministry said this brings the total size of the issue to KZT 18.02 billion. The initial KZT 13 billion of 13-year treasury bonds settled on July 20, 2010.

The newest bonds were auctioned at a net price of 98.5625 for proceeds of KZT 5.05 billion to yield 6.7%.

Active orders were received for KZT 5.06 billion of bonds. The net price on submitted orders ranged from 98.5625 to 99.9561, and the yield ranged from 6½% to 6.7%.

The amount of accepted orders represents 25% of the issuer's planned issuance of KZT 20 billion of bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-156, second issue)
Amount:	KZT 5,019,800,000
Proceeds:	KZT 5,050,058,239
Maturity:	July 20, 2023
Coupon:	6½%, payable annually
Net price:	98.5625
Yield:	6.7%
Auction date:	Nov. 13
Settlement date:	Nov. 13

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