By Marisa Wong
Madison, Wis., Dec. 12 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 28.04 billion of 5¾% long-term treasury bonds (Meukam-72, 10th issue) on Thursday.
The ministry said this brings the total size of the issue to KZT 58.09 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; another KZT 4.1 billion settled on Aug. 23; and KZT 4.5 billion more settled on Nov. 20.
The newest bonds were auctioned at a net price of 98.744 for proceeds of KZT 27.84 billion to yield 6.05%.
Active orders were received for KZT 29.29 billion of bonds. The net price on submitted orders ranged from 93.4877 to 100.0285, and yields ranged from 5.74% to 7 3/8%.
The amount of accepted orders represents 164.9% of the issuer's planned issuance of KZT 17 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-72, 10th issue)
|
| Amount: | KZT 28.04 billion
|
| Proceeds: | KZT 27,835,611,767
|
| Maturity: | Nov. 9, 2018
|
| Coupon: | 5¾%, payable annually
|
| Net price: | 98.744
|
| Yield: | 6.05%
|
| Trade date: | Dec. 12
|
| Settlement date: | Dec. 12
|
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