By Marisa Wong
Madison, Wis., Nov. 25 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 3.63 billion of 6.35% long-term treasury bonds (Meukam-120, 12th issue) at a special trading session held on Monday.
The ministry said this brings the total size of the issue to KZT 14.6 billion. The initial KZT 3.67 billion of 10-year treasury bonds settled on Oct. 18, 2012, an additional KZT 2.33 billion settled on Oct. 22, 2012, another KZT 2 billion settled on Dec. 31, 2012, and KZT 3 billion more settled on Sept. 17.
The latest 6.35% bonds were auctioned at a net price of 98.3386, for proceeds of KZT 3.59 billion, to yield 6.6%.
Active orders were received for KZT 4.1 billion of bonds. The net price on submitted orders ranged from 95.7807 to 102.3429, and the yield ranged from 6% to 7%.
The amount of accepted orders represents 17% of the issuer's planned issuance of KZT 21 billion of bonds.
Issuer: | Kazakhstan Finance Ministry
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Issue: | Long-term treasury bonds (Meukam-120, 12th issue)
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Amount: | KZT 3,630,057,000
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Proceeds: | KZT 3,593,438,397
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Maturity: | Oct. 18, 2022
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Coupon: | 6.35%, payable annually
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Net price: | 98.3386
|
Yield: | 6.6%
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Auction date: | Nov. 25
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Settlement date: | Nov. 25
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