By Marisa Wong
Madison, Wis., June 12 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 16 billion of 6½% long-term treasury bonds (Meukam-180, eighth issue) at a special trading session held on Wednesday.
The ministry said this brings the total size of the issue to KZT 35.42 billion. The initial KZT 4.83 billion of 15-year treasury bonds settled on Oct. 24, 2012 and another KZT 14.59 billion settled on Jan. 24.
The newest bonds were auctioned at a net price of 101.8086 for proceeds of KZT 16.95 billion to yield 6.3%.
Active orders were received for KZT 34.98 billion of bonds. The net price on submitted orders ranged from 93.8058 to 101.8086, and the yield ranged from 6.3% to 7.2%.
The amount of accepted orders represents 123.1% of the issuer's planned issuance of KZT 13 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-180, eighth issue)
|
| Amount: | KZT 16 billion
|
| Proceeds: | KZT 16,948,042,667
|
| Maturity: | Oct. 24, 2027
|
| Coupon: | 6½%, payable annually
|
| Net price: | 101.8086
|
| Yield: | 6.3%
|
| Auction date: | June 12
|
| Settlement date: | June 12
|
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