By Marisa Wong
Madison, Wis., Dec. 2 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 6.5 billion of 6½% long-term treasury bonds (Meukam-108, fourth issue) on Friday.
The ministry said this brings the total size of the issue to KZT 28.11 billion. The original KZT 12 billion of 10-year treasury bonds settled on March 10, 2010, and an additional KZT 9.61 billion settled on Oct. 23.
The newest bonds were auctioned at a net price of 102.6184 for proceeds of KZT 6.97 billion to yield 5.9%.
Active orders were received for KZT 9.29 billion of bonds. The net price on active orders ranged from 97.8095 to 102.6184, and the yields ranged from 5.9% to 7%.
The amount of accepted orders represents 81% of the issuer's planned issuance of KZT 8 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-108, fourth issue)
|
| Amount: | KZT 6.5 billion
|
| Proceeds: | KZT 6,974,161,278
|
| Maturity: | March 10, 2019
|
| Coupon: | 6½%, payable annually
|
| Net price: | 102.6184
|
| Yield: | 5.9%
|
| Auction date: | Nov. 29
|
| Settlement date: | Nov. 29 |
|
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