By Marisa Wong
Madison, Wis., Sept. 27 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 1.73 billion of 6.8% long-term treasury bonds (Meukam-156, first issue) on Friday.
The ministry said this brings the total size of the issue to KZT 14.81 billion. The initial KZT 7.07 billion of 13-year bonds settled on Dec. 11, 2009, another KZT 4.55 billion settled on Nov. 16, 2012, and an additional 1.46 billion settled on Nov. 26, 2012.
The newest bonds were auctioned at a net price of 101.5847 for proceeds of KZT 1.85 billion to yield 6.56%.
Active orders were received for KZT 2.18 billion of bonds. The net price on submitted orders ranged from 99.2900 to 104.0813, and yields ranged from 6.2% to 6.9011%.
The amount of accepted orders represents 13.3% of the issuer's planned issuance of KZT 13 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-156, first issue)
|
| Amount: | KZT 1,729,343,000
|
| Proceeds: | KZT 1,850,170,850
|
| Maturity: | Dec. 11, 2022
|
| Coupon: | 6.8%, payable annually
|
| Net price: | 101.5847
|
| Yield: | 6.56%
|
| Auction date: | Sept. 27
|
| Settlement date: | Sept. 27
|
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