By Marisa Wong
Madison, Wis., Sept. 20 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 2.83 billion of 6% long-term treasury bonds (Meukam-120, fifth issue) on Friday.
The ministry said this brings the total size of the issue to KZT 38.69 billion. The initial KZT 10.87 billion of 10-year treasury bonds settled on Aug. 26, 2009, an additional KZT 10 billion settled on March 26, and another KZT 15 billion settled on May 17.
The newest bonds were auctioned at a net price of 99.9892 for proceeds of KZT 2.84 billion to yield 6%.
Active orders were received for KZT 5.34 billion of bonds. The net price on active orders ranged from 95.2640 to 102.4643, and the yields ranged from 5½% to 7%.
The amount of accepted orders represents 18.8% of the issuer's planned placement of KZT 15 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-120, fifth issue)
|
| Amount: | KZT 2,825,000,000
|
| Proceeds: | KZT 2,835,994,900
|
| Maturity: | Aug. 26, 2019
|
| Coupon: | 6%, payable annually
|
| Net price: | 99.9892
|
| Yield: | 6%
|
| Auction date: | Sept. 20
|
| Settlement date: | Sept. 20
|
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