By Marisa Wong
Madison, Wis., May 21 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 21.62 billion of 5.15% long-term treasury bonds (Meukam-156, third issue) on Wednesday.
The ministry said this brings the total size of the issue to KZT 50.47 billion. The original KZT 2.83 billion of 13-year bonds settled on Jan. 25, 2011; an additional KZT 7.72 billion settled on June 27, 2011; an additional KZT 3.33 billion settled on Dec. 26, 2011; another KZT 5.87 billion settled on Jan. 27, 2014; and KZT 9.1 billion more settled on April 30, 2014.
The newest bonds were auctioned at a net price of 86.7002 for proceeds of KZT 19.1 billion to yield 7.09%.
The net price on active orders submitted ranged from 86.6378 to 86.7002, and the yields ranged from 7.09% to 7.1%.
The amount of accepted orders represents 144% of the issuer's planned issuance of KZT 15 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-156, third issue)
|
| Amount: | KZT 21,617,384,000
|
| Proceeds: | KZT 19,101,043,641
|
| Maturity: | Jan. 25, 2024
|
| Coupon: | 5.15%, payable annually
|
| Net price: | 86.7002
|
| Yield: | 7.09%
|
| Auction date: | May 21
|
| Settlement date: | May 21
|
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