By Marisa Wong
Madison, Wis., Sept. 19 – The Kazakhstan Finance Ministry said it accepted orders for another KZT 23.75 billion of 6.2% mid-term treasury bonds (Meokam-60, 48th issue) at a special trading session held on Friday.
This brings the total size of the issue to KZT 56.34 billion. The initial KZT 14.85 billion of five-year bonds settled on June 27, and an additional KZT 17.74 billion settled on July 23.
The newest bonds were auctioned at a net price of 98.7735 to yield 6½%.
The amount of accepted orders represents 119% of the issuer’s planned issuance of KZT 20 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Mid-term treasury bonds (Meokam-60, 48th issue)
|
| Amount: | KZT 23.75 billion
|
| Maturity: | June 27, 2019
|
| Coupon: | 6.2%, payable semiannually
|
| Net price: | 98.7735
|
| Yield: | 6½%
|
| Auction date: | Sept. 19
|
| Settlement date: | Sept. 19
|
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