By Marisa Wong
Madison, Wis., July 30 - The Kazakhstan Finance Ministry said it accepted orders for KZT 15 billion of long-term treasury bonds (Meujkam-120, eighth issue) on Tuesday.
The 10-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 106.0590. With that, the forecasted yield to maturity of the placed bonds is estimated at 6.07%.
Active orders were received for KZT 152.68 billion of bonds.
The amount of accepted orders represents 100% of the issuer's planned placement.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meujkam-120, eighth issue)
|
| Amount: | KZT 15 billion
|
| Maturity: | July 30, 2023
|
| Coupon: | Inflation plus 1 bp, payable annually
|
| Pricing date: | July 30
|
| Settlement date: | July 30
|
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