By Marisa Wong
Madison, Wis., Feb. 12 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 14.9 billion of 5¾% long-term treasury bonds (Meukam-72, 10th issue) on Tuesday.
The ministry said this brings the total size of the issue to KZT 21.45 billion. The initial KZT 2.4 billion of six-year bonds settled on Nov. 9, an additional KZT 2.05 billion settled on Nov. 23 and another KZT 2.1 billion settled on Dec. 20.
The newest bonds were auctioned at a net price of 99.9693 for proceeds of KZT 15.12 billion to yield 5¾%.
Active orders were received for KZT 24.31 billion of bonds. The net price on submitted orders ranged from 86.2974 to 101.1736, and yields ranged from 5½% to 8.8888%.
The amount of accepted orders represents 114.6% of the issuer's planned issuance of KZT 13 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-72, 10th issue)
|
| Amount: | KZT 14.9 billion
|
| Proceeds: | KZT 15,116,752,783
|
| Maturity: | Nov. 9, 2018
|
| Coupon: | 5¾%, payable annually
|
| Net price: | 99.9693
|
| Yield: | 5¾%
|
| Auction date: | Feb. 12
|
| Settlement date: | Feb. 12
|
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