By Marisa Wong
Madison, Wis., March 12 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 22.08 billion of 5.3% long-term treasury bonds (Meukam-144, third issue) on Wednesday.
The ministry said this brings the total size of the issue to KZT 55.13 billion. The initial KZT 15 billion of 12-year treasury bonds settled on April 26, 2011, and an additional KZT 18.05 billion of the bonds settled on Feb. 12.
The newest bonds were auctioned at a net price of 90.0269 for proceeds of KZT 20.91 billion to yield 6.8%.
Active orders were received for KZT 31.12 billion of bonds. The net price on submitted orders ranged from 88.7959 to 91.2796, and the yield ranged from 6.6% to 7%.
The amount of accepted orders represents 110% of the issuer's planned issuance of KZT 20 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-144, third issue)
|
| Amount: | KZT 22.08 billion
|
| Proceeds: | KZT 20,905,150,187
|
| Maturity: | April 26, 2023
|
| Coupon: | 5.3%, payable annually
|
| Net price: | 90.0269
|
| Yield: | 6.8%
|
| Auction date: | March 12
|
| Settlement date: | March 12
|
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