By Marisa Wong
Madison, Wis., Feb. 19 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 17.8 billion of 5½% long-term treasury bonds due 2026 (Meukam-180, fourth issue) at a special trading session held on Wednesday.
The ministry said this brings the total size of the issue to KZT 42.8 billion. The initial KZT 11.5 billion of bonds settled on Aug. 18, 2011 and an additional KZT 13.5 billion settled on Feb. 17, 2012.
The newest bonds were auctioned at a net price of 86.9802, for proceeds of KZT 15.97 billion, to yield 7.1%.
Active orders were received for KZT 26.83 billion of bonds. The net price on submitted orders ranged from 78.1806 to 98.1382, and yields ranged from 5.7081% to 8 3/8%.
The amount of accepted orders represents 119% of the issuer's planned placement of KZT 15 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-180, fourth issue)
|
| Amount: | KZT 17.8 billion
|
| Proceeds: | KZT 15,974,695,044
|
| Maturity: | Aug. 18, 2026
|
| Coupon: | 5½%, payable annually
|
| Net price: | 86.9802
|
| Yield: | 7.1%
|
| Auction date: | Feb. 19
|
| Settlement date: | Feb. 19
|
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