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Published on 12/20/2013 in the Prospect News Emerging Markets Daily.

New Issue: Kazakhstan auctions KZT 65.6 billion 7.9% treasury bonds due 2038

By Marisa Wong

Madison, Wis., Dec. 20 - The Kazakhstan Finance Ministry said it accepted orders for KZT 65.6 billion of long-term treasury bonds (Meukam-300, first issue) on Friday.

The 25-year bonds have a coupon of 7.9%.

Active orders were received for KZT 65.6 billion of bonds. The amount of accepted orders represents 656% of the issuer's planned placement of KZT 10 billion of bonds.

Issuer:Kazakhstan Finance Ministry
Issue:Long-term treasury bonds (Meukam-300, first issue)
Amount:KZT 65.6 billion
Maturity:Dec. 20, 2038
Coupon:7.9%, payable annually
Auction date:Dec. 20
Settlement date:Dec. 20

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