Published on 8/13/2013 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan auctions KZT 15 billion more 6% treasury bonds due 2020
By Marisa Wong
Madison, Wis., Aug. 13 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 15 billion of 6% bonds due 2020 (Meukam-84, 12th issue) on Tuesday.
The ministry said this brings the total issue size to KZT 28 billion. The initial KZT 13 billion of long-term treasury bonds was issued on March 19.
The latest bonds priced at 101.0309 to yield 5.8%. Proceeds totaled KZT 15.51 billion.
Active orders were received for KZT 24.54 billion of bonds. The amount of accepted orders represents 100% of the issuer's planned placement.
Issuer: | Kazakhstan Finance Ministry
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Issue: | Long-term treasury bonds (Meukam-84, 12th issue)
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Amount: | KZT 15 billion
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Proceeds: | 15,514,635,000
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Maturity: | March 19, 2020
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Coupon: | 6%, payable annually
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Price: | 101.0309
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Yield: | 5.8%
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Auction date: | Aug. 13
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Settlement date: | Aug. 13
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