New Issue: Kazakhstan auctions KZT 4 billion more 5% treasury bonds due 2028

By Marisa Wong

Madison, Wis., April 24 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 4 billion of 5% long-term treasury bonds (Meukam-192, second issue) on Wednesday.

The ministry said this brings the total size of the issue to KZT 18.05 billion. The original KZT 10 billion of 16-year bonds settled on April 18, 2012, and an additional KZT 4.05 billion settled on July 25, 2012.

The newest bonds were auctioned at a net price of 79.4415 for proceeds of KZT 3.18 billion to yield 7.41%.

The amount of accepted orders represents 14% of the issuer's planned placement of KZT 28 billion of bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-192, second issue)
Amount:	KZT 4 billion
Proceeds:	KZT 3,180,437,778
Maturity:	April 18, 2028
Coupon:	5%, payable annually
Net price:	79.4415
Yield:	7.41%
Auction date:	April 23
Settlement date:	April 23

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