New Issue: Kazakhstan issues KZT 12.41 billion more 7.47% treasury bonds due 2027

By Marisa Wong

Madison, Wis., Sept. 18 – The Kazakhstan Finance Ministry said it accepted orders for another KZT 12.41 billion of 7.47% long-term treasury bonds (Meukam-156, fifth issue) at a special trading session held on Wednesday.

This brings the total size of the issue to KZT 28.41 billion. The initial KZT 16 billion of 13-year bonds settled on June 20.

The newest bonds were auctioned at a net price of 100.0316 for proceeds of KZT 12.41 billion to yield 7.46%.

Active orders were submitted for KZT 12.64 billion of bonds.

The amount of accepted orders represents 62% of the issuer’s planned issuance of KZT 20 billion of bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-156, fifth issue)
Amount:	KZT 12,413,900,000
Proceeds:	KZT 12,413,900,000
Maturity:	June 20, 2027
Coupon:	7.47%, payable annually
Net price:	100.0316
Yield:	7.46%
Auction date:	Sept. 17
Settlement date:	Sept. 17

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