New Issue: Kazakhstan auctions KZT 1.07 billion more 6% treasury bonds due 2020

By Marisa Wong

Madison, Wis., May 5 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 1.7 billion of 6% bonds due 2020 (Meukam-84, 12th issue) on Monday.

The ministry said this brings the total issue size to KZT 29.07 billion. The initial KZT 13 billion of long-term treasury bonds was issued on March 19, 2013, and an additional KZT 15 billion was issued on Aug. 13, 2013.

The latest bonds priced at 97.9770 to yield 6.42%. Proceeds totaled KZT 1.06 billion.

Active orders were received for KZT 4.36 billion of bonds. The amount of accepted orders represents 5% of the issuer's planned placement of KZT 20 billion add-on bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-84, 12th issue)
Amount:	KZT 1.07 billion
Proceeds:	KZT 1,056,557,233
Maturity:	March 19, 2020
Coupon:	6%, payable annually
Price:	97.9770
Yield:	6.42%
Auction date:	May 5
Settlement date:	May 5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.