By Marisa Wong
Madison, Wis., June 25 – The Kazakhstan Finance Ministry said it accepted orders for another KZT 11.62 billion of 4.97% long-term treasury bonds (Meukam-144, fourth issue) on Wednesday.
The ministry said this brings the total size of the issue to KZT 30.69 billion. The original KZT 19.07 billion of 12-year bonds settled on July 20, 2011.
The newest bonds were auctioned at a net price of 86.8090 for proceeds of KZT 10.62 billion to yield 6.98%.
Active orders totaled KZT 14.44 billion. The net price on active orders submitted ranged from 86.6892 to 88.0184, and the yields ranged from 6.78% to 7%.
The amount of accepted orders represents 116% of the issuer’s planned issuance of KZT 10 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-144, fourth issue)
|
| Amount: | KZT 11.62 billion
|
| Proceeds: | KZT 10,624,614,661
|
| Maturity: | July 20, 2023
|
| Coupon: | 4.97%, payable annually
|
| Net price: | 86.8090
|
| Yield: | 6.98%
|
| Auction date: | June 25
|
| Settlement date: | June 25
|
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