New Issue: Kazakhstan issues KZT 1.1 billion more 5% treasury bonds due 2020

By Marisa Wong

Madison, Wis., Sept. 3 – The Kazakhstan Finance Ministry said it accepted orders for another KZT 1.1 billion of 5% long-term treasury bonds (Meukam-108, sixth issue) on Wednesday.

The ministry said this brings the total size of the issue to KZT 15,735,000,000. The original KZT 14,635,000 of nine-year bonds settled on May 23, 2011.

The newest bonds were auctioned at a net price of 94.3334 for proceeds of KZT 1.05 billion to yield 6.2%.

Active orders were submitted for KZT 6.85 billion of bonds. The amount of accepted orders represents 6% of the issuer’s planned issuance of KZT 20 billion of bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-108, sixth issue)
Amount:	KZT 1.1 billion
Proceeds:	KZT 1,052,945,178
Maturity:	May 23, 2020
Coupon:	5%, payable annually
Net price:	94.3334
Yield:	6.2%
Auction date:	Sept. 3
Settlement date:	Sept. 3

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