By Marisa Wong
Madison, Wis., Sept. 26 – The Kazakhstan Finance Ministry said it accepted orders for another KZT 40 billion of 8.35% long-term treasury bonds (Meukam-300, second issue) at a special trading session held on Friday.
This brings the total size of the issue to KZT 65 billion. The initial KZT 25 billion of 25-year bonds settled on July 25.
The newest bonds were auctioned at a net price of 99.4381 for proceeds of KZT 40.34 billion to yield 8.4%.
Active orders were submitted for KZT 41.48 billion of bonds. The net price on submitted orders ranged from 93.5775 to 99.4381, and yields ranged from 8.4% to 9%.
The amount of accepted orders represents 400% of the issuer’s planned issuance of KZT 10 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-300, second issue)
|
| Amount: | KZT 40 billion
|
| Proceeds: | KZT 40,341,184,444
|
| Maturity: | July 25, 2039
|
| Coupon: | 8.35%, payable annually
|
| Net price: | 99.4381
|
| Yield: | 8.4%
|
| Auction date: | Sept. 26
|
| Settlement date: | Sept. 26
|
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