By Marisa Wong
Madison, Wis., May 17 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 15 billion of 6% long-term treasury bonds (Meukam-120, fifth issue) on Friday.
The ministry said this brings the total size of the issue to KZT 35.87 billion. The initial KZT 10.87 billion of 10-year treasury bonds settled on Aug. 26, 2009 and an additional KZT 10 billion settled on March 26.
The newest bonds were auctioned at a net price of 99.965 for proceeds of KZT 15.65 billion to yield 6%.
Active orders were received for KZT 22.06 billion of bonds. The net price on active orders ranged from 97.4511 to 100.9936, and the yields ranged from 5.8% to 6½%.
The amount of accepted orders represents 100% of the issuer's planned issuance.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-120, fifth issue)
|
| Amount: | KZT 15 billion
|
| Proceeds: | KZT 15,647,250,000
|
| Maturity: | Aug. 26, 2019
|
| Coupon: | 6%, payable annually
|
| Net price: | 99.965
|
| Yield: | 6%
|
| Auction date: | May 17
|
| Settlement date: | May 17
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
