By Marisa Wong
Madison, Wis., Jan. 23 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 9.61 billion of 7.22% long-term treasury bonds (Meukam-180, ninth issue) on Wednesday.
The ministry said this brings the total size of the issue to KZT 12.61 billion. The original KZT 3 billion of 15-year bonds settled on Dec. 10.
The newest bonds were auctioned at a net price of 99.9743 for proceeds of KZT 9.69 billion to yield 7.22%.
Active orders were received for KZT 9.7 billion of bonds. The net price on active orders ranged from 99.9743 to 104.7810, and the yields ranged from 6.7% to 7.22%.
The amount of accepted orders represents 68.6% of the issuer's planned placement of KZT 14 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-180, ninth issue)
|
| Amount: | KZT 9.61 billion
|
| Proceeds: | KZT 9,688,478,463
|
| Maturity: | Dec. 10, 2028
|
| Coupon: | 7.22%, payable annually
|
| Net price: | 99.9743
|
| Yield: | 7.22%
|
| Auction date: | Jan. 22
|
| Settlement date: | Jan. 22
|
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