By Marisa Wong
Madison, Wis., Aug. 7 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 15 billion of 3.2% mid-term treasury bonds (Meokam-60, 38th issue) on Wednesday.
The ministry said this brings the total size of the issue to KZT 31.67 billion. The initial KZT 6.67 billion of five-year bonds settled on May 12, 2011, and an additional KZT 10 billion settled on Feb. 7, 2012.
The newest bonds were auctioned at a net price of 97.9223 to yield 4%. Proceeds totaled KZT 14.8 billion.
Active orders were received for KZT 27.95 billion of bonds. The net price on submitted orders ranged from 95.3976 to 98.3073, with yields ranging from 3.85% to 5%.
The amount of accepted orders represents 100% of the issuer's planned issuance.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Mid-term treasury bonds (Meokam-60, 38th issue)
|
| Amount: | KZT 15 billion
|
| Proceeds: | KZT 14,801,678,333
|
| Maturity: | May 12, 2016
|
| Coupon: | 3.2%, payable semiannually
|
| Net price: | 97.9223
|
| Yield: | 4%
|
| Auction date: | Aug. 7
|
| Settlement date: | Aug. 7
|
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