By Marisa Wong
Madison, Wis., Nov. 15 - The Kazakhstan Finance Ministry said it accepted orders for KZT 3.71 billion of additional 5.9% long-term treasury bonds (Meukam-84, 13th issue) on Friday.
The ministry said this brings the total size of the issue to KZT 18.71 billion. The initial KZT 15 billion of seven-year bonds settled on June 20.
The net price for the additional bonds was 98.3724, for proceeds of KZT 3.74 billion, corresponding to a yield to maturity of 6.2%.
Active orders were received for KZT 6.64 billion of bonds. The net price on submitted orders ranged from 93.3085 to 98.8978, and the yield ranged from 6.1% to 7.2%.
The amount of accepted orders represents 24.7% of the issuer's planned issuance of KZT 15 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-84, 13th issue)
|
| Amount: | KZT 3.71 billion
|
| Proceeds: | KZT 3,737,780,068
|
| Maturity: | June 20, 2020
|
| Coupon: | 5.9%, payable annually
|
| Net price: | 98.3724
|
| Yield: | 6.2%
|
| Auction date: | Nov. 15
|
| Settlement date: | Nov. 15
|
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