By Marisa Wong
Madison, Wis., Sept. 26 – The Kazakhstan Finance Ministry said it accepted orders for another KZT 16 billion of 7.47% long-term treasury bonds (Meukam-156, fifth issue) at a special trading session held on Friday.
This brings the total size of the issue to KZT 44.41 billion. The initial KZT 16 billion of 13-year bonds settled on June 20, and an additional KZT 12.41 billion settled on Sept. 17.
The newest bonds were auctioned at a net price of 99.8673 for proceeds of KZT 16.3 billion to yield 7.48%.
Active orders were submitted for KZT 16.31 billion of bonds. The net price on submitted orders ranged from 99.7067 to 100.0282, and the yield ranged from 7.46% to 7½%.
The amount of accepted orders represents 160% of the issuer’s planned issuance of KZT 10 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-156, fifth issue)
|
| Amount: | KZT 16 billion
|
| Proceeds: | KZT 16,297,488,000
|
| Maturity: | June 20, 2027
|
| Coupon: | 7.47%, payable annually
|
| Net price: | 99.8673
|
| Yield: | 7.48%
|
| Auction date: | Sept. 26
|
| Settlement date: | Sept. 26
|
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