New Issue: Kazakhstan sells KZT 6.5 billion more bonds due 2014 to yield 2.7%

By Marisa Wong

Madison, Wis., Aug. 2 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 6.5 billion of short-term treasury bonds (Mekkam-12, 128th issue) on Friday.

The ministry said this brings the total issue size to KZT 8.17 billion. The initial KZT 1.67 billion of short-term treasury bonds settled on March 13.

The price for the latest one-year bonds was 98.3772, for total proceeds of KZT 6.39 billion, and the yield was 2.7%.

The amount of accepted orders represents 54.2% of the issuer's planned issuance of KZT 12 billion of bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Short-term treasury bonds (Mekkam-12, 128th issue)
Amount:	KZT 6.5 billion
Proceeds:	KZT 6,394,518,000
Maturity:	Aug. 13, 2014
Price:	98.3772
Yield:	2.7%
Auction date:	Aug. 2
Settlement date:	Aug. 2

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