New Issue: Kazakhstan sells KZT 32.04 billion more 5% treasury bonds due 2026

By Marisa Wong

Madison, Wis., May 28 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 32.04 billion of 5% treasury bonds due 2026 (Meukam-180, fifth issue) on Wednesday.

The ministry said this brings the total size of the issue to KZT 59.79 billion. The original KZT 20.1 billion of 15-year treasury bonds settled on Nov. 23, 2011, and an additional KZT 7.65 billion of bonds settled on April 16.

The newest bonds were auctioned at a net price of 80.5462 for proceeds of KZT 26.63 billion to yield 7.44%.

The net price on submitted orders ranged from 80.1332 to 80.5462, and the yield ranged from 7.44% to 7½%.

The amount of accepted orders represents 146% of the issuer's planned issuance of KZT 22 billion of bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-180, fifth issue)
Amount:	KZT 32,037,144,000
Proceeds:	KZT 26,627,878,697
Maturity:	Nov. 23, 2026
Coupon:	5%, payable annually
Net price:	80.5462
Yield:	7.44%
Auction date:	May 28
Settlement date:	May 28

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