By Marisa Wong
Madison, Wis., Feb. 7 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 10 billion of 3.2% mid-term treasury bonds (Meokam-60, 38th issue) on Thursday.
The ministry said this brings the total size of the issue to KZT 16.67 billion. The initial KZT 6.67 billion of five-year bonds settled on May 12, 2011.
The newest bonds were auctioned at a net price of 97.5708 for total proceeds of KZT 9.83 billion to yield 4%.
Active orders were received for KZT 32.97 billion of bonds. The net price on submitted orders ranged from 91.8051 to 97.5708, with yields ranging from 4% to 6%.
The amount of accepted orders represents 100% of the issuer's planned issuance.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Mid-term treasury bonds (Meokam-60, 38th issue)
|
| Amount: | KZT 10 billion
|
| Proceeds: | KZT 9,832,635,556
|
| Maturity: | May 12, 2016
|
| Coupon: | 3.2%, payable semiannually
|
| Net price: | 97.5708
|
| Yield: | 4%
|
| Auction date: | Feb. 7
|
| Settlement date: | Feb. 7
|
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