Published on 8/6/2014 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan auctions KZT 7.78 billion 7.13% treasury bonds due 2024
By Marisa Wong
Madison, Wis., Aug. 6 – The Kazakhstan Finance Ministry said it accepted orders for KZT 7.78 billion of 7.13% long-term treasury bonds (Meukam-120, 14th issue) at a special trading session held on Wednesday.
Pricing details for the 10-year bonds were not disclosed.
Active orders were received for KZT 7.78 billion of bonds. The coupon for submitted orders ranged from 7.09% to 7.13%.
The amount of accepted orders represents 78% of the issuer’s planned issuance of KZT 10 billion of bonds.
Issuer: | Kazakhstan Finance Ministry
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Issue: | Long-term treasury bonds (Meukam-120, 14th issue)
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Amount: | KZT 7,783,000,000
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Maturity: | Aug. 6, 2024
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Coupon: | 7.13%, payable annually
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Auction date: | Aug. 6
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Settlement date: | Aug. 6
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