By Marisa Wong
Madison, Wis., March 15 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 13.5 billion of 3.8% mid-term treasury bonds (Meokam-60, 39th issue) on Friday.
The ministry said this brings the total size of the issue to KZT 24.5 billion. The initial KZT 11 billion of five-year bonds settled on July 13, 2011.
The newest bonds were auctioned at a net price of 98.7653 for total proceeds of KZT 13.42 billion to yield 4.2%.
Active orders were received for KZT 30.71 billion of bonds. The net price on submitted orders ranged from 96.3575 to 99.3783, with yields ranging from 4% to 5%.
The amount of accepted orders represents 135% of the issuer's planned issuance of KZT 10 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Mid-term treasury bonds (Meokam-60, 39th issue)
|
| Amount: | KZT 13.5 billion
|
| Proceeds: | KZT 13,421,665,500
|
| Maturity: | July 13, 2016
|
| Coupon: | 3.8%, payable semiannually
|
| Net price: | 98.7653
|
| Yield: | 4.2%
|
| Auction date: | March 15
|
| Settlement date: | March 15
|
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