By Marisa Wong
Madison, Wis., Nov. 20 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 4.5 billion of 5¾% long-term treasury bonds (Meukam-72, 10th issue) on Wednesday.
The ministry said this brings the total size of the issue to KZT 30.05 billion. The initial KZT 2.4 billion of six-year bonds settled on Nov. 9, 2012; an additional KZT 2.05 billion settled on Nov. 23, 2012; another KZT 2.1 billion settled on Dec. 20, 2012; KZT 14.9 billion more settled on Feb. 12, 2013; and another KZT 4.1 billion settled on Aug. 23.
The newest bonds were auctioned at a net price of 98.9475 for proceeds of KZT 4.46 billion to yield 6%.
Active orders were received for KZT 5.95 billion of bonds. The net price on submitted orders ranged from 96.3894 to 98.9475, and yields ranged from 6% to 6 5/8%.
The amount of accepted orders represents 30% of the issuer's planned issuance of KZT 15 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-72, 10th issue)
|
| Amount: | KZT 4,501,800,000
|
| Proceeds: | KZT 4,462,327,968
|
| Maturity: | Nov. 9, 2018
|
| Coupon: | 5¾%, payable annually
|
| Net price: | 98.9475
|
| Yield: | 6%
|
| Auction date: | Nov. 20
|
| Settlement date: | Nov. 20
|
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