By Marisa Wong
Madison, Wis., June 28 - The Kazakhstan Finance Ministry said it accepted orders for KZT 30 billion of long-term treasury bonds (Meujkam-96, fifth issue) on Friday.
The eight-year bonds have a coupon of inflation plus 1 basis point.
The ministry said that the current inflation rate for the trailing 12 months reached 106.0586. With that, the forecasted yield to maturity of the placed bonds is estimated at 6.07%.
Active orders were received for KZT 165.61 billion of bonds.
The amount of accepted orders represents 300% of the issuer's planned issuance of KZT 10 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meujkam-96, fifth issue)
|
| Amount: | KZT 30 billion
|
| Maturity: | June 28, 2021
|
| Coupon: | Inflation plus 1 bp, payable annually
|
| Pricing date: | June 28
|
| Settlement date: | June 28
|
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