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Published on 9/26/2014 in the Prospect News Emerging Markets Daily.

New Issue: Kazakhstan auctions KZT 80.1 billion 8.65% treasury bonds due 2044

By Marisa Wong

Madison, Wis., Sept. 26 – The Kazakhstan Finance Ministry said it accepted orders for KZT 80.1 billion of 8.65% long-term treasury bonds (Meukam-360, first issue) at a special trading session held on Friday.

Pricing details for the 30-year bonds were not disclosed.

The amount of accepted orders represents 801% of the issuer’s planned issuance of KZT 10 billion of bonds.

Issuer:Kazakhstan Finance Ministry
Issue:Long-term treasury bonds (Meukam-360, first issue)
Amount:KZT 80.1 billion
Maturity:Sept. 26, 2044
Coupon:8.65%, payable annually
Auction date:Sept. 26
Settlement date:Sept. 26

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