By Marisa Wong
Madison, Wis., Feb. 6 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 6 billion of 6.1% long-term treasury bonds due 2021 (Meukam-96, 10th issue) at a special trading session held on Wednesday.
The ministry said this brings the total size of the issue to about KZT 29.81 billion. The initial KZT 6.67 billion of long-term treasury bonds settled on May 21, 2013, an additional KZT 15 billion settled on July 15, 2013 and another KZT 2.15 billion settled on Dec. 4.
The newest bonds were auctioned at a net price of 98.8196, for KZT 6.19 billion of proceeds, to yield 6.3%.
Active orders were received for KZT 17.18 billion of bonds. The net price on submitted orders ranged from 92.3017 to 98.8196, and the yield ranged from 6.3% to 7½%.
The amount of accepted orders represents 40% of the issuer's planned placement of KZT 15 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-96, 10th issue)
|
| Amount: | KZT 6 billion
|
| Proceeds: | KZT 6,187,409,333
|
| Maturity: | May 21, 2021
|
| Coupon: | 6.1%, payable annually
|
| Price: | 98.8196
|
| Yield: | 6.3%
|
| Auction date: | Feb. 5
|
| Settlement date: | Feb. 5
|
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