By Marisa Wong
Madison, Wis., April 22 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 13 billion of 5.8% long-term treasury bonds (Meukam-120, eighth issue) at a special trading session held on Monday.
The ministry said this brings the total size of the issue to KZT 34.33 billion. The initial KZT 18 billion of long-term treasury bonds settled on Sept. 15, 2010, and an additional KZT 3.33 billion settled on Jan. 22.
The newest 10-year bonds were auctioned at a net price of 98.2145 for proceeds of KZT 13.22 billion to yield 6.1%.
Active orders were received for KZT 20.04 billion of bonds. The net price on submitted orders ranged from 98.2145 to 98.7923, and yields ranged from 6% to 6.1%.
The amount of accepted orders represents 100% of the issuer's planned placement.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-120, eighth issue)
|
| Amount: | KZT 13 billion
|
| Proceeds: | KZT 13,222,379,444
|
| Maturity: | Sept. 15, 2020
|
| Coupon: | 5.8%, payable annually
|
| Net price: | 98.2145
|
| Yield: | 6.1%
|
| Auction date: | April 22
|
| Settlement date: | April 22
|
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