By Marisa Wong
Madison, Wis., May 14 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 15 billion of 4½% mid-term treasury bonds (Meokam-60, 44th issue) due Sept. 5, 2017 on Tuesday.
The ministry said this brings the total size of the issue to KZT 44.63 billion. The initial KZT 10.3 billion of bonds settled on Sept. 5, 2012, an additional KZT 333.33 million settled on Sept. 14, 2012, an additional KZT 500 million settled on Sept. 24, 2012, and another KZT 18.5 billion settled on Jan. 9.
The newest bonds were auctioned at a net price of 96.2028 for proceeds of KZT 14.56 billion to yield 5½%.
Active orders were received for KZT 21.51 billion of bonds. The net price on submitted orders ranged from 94.8250 to 96.7606.
The amount of accepted orders represents 100% of the issuer's planned issuance.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Mid-term treasury bonds (Meokam-60, 44th issue)
|
| Amount: | KZT 15 billion
|
| Proceeds: | KZT 14,559,795,000
|
| Maturity: | Sept. 5, 2017
|
| Coupon: | 4½%, payable semiannually
|
| Net price: | 96.2028
|
| Yield: | 5½%
|
| Auction date: | May 14
|
| Settlement date: | May 14
|
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