Published on 2/11/2015 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan auctions KZT 20 million more 8.07% treasury bonds due 2035
By Marisa Wong
Madison, Wis., Feb. 11 – The Kazakhstan Finance Ministry said it accepted orders for another KZT 20 billion of 8.07% long-term treasury bonds (Meukam-240, fourth issue) at a special trading session held on Wednesday.
This brings the total size of the issue to KZT 70 billion. The initial KZT 50 billion of 20-year bonds settled on Jan. 29.
The newest bonds were auctioned at a net price of 99.99 for proceeds of KZT 20.05 billion to yield 8.07%.
The amount of accepted orders represents 100% of the issuer’s planned issuance.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-240, fourth issue)
|
| Amount: | KZT 20 billion
|
| Proceeds: | KZT 20,051,800,000
|
| Maturity: | Jan. 29, 2035
|
| Coupon: | 8.07%, payable annually
|
| Net price: | 99.99
|
| Yield: | 8.07%
|
| Auction date: | Feb. 11
|
| Settlement date: | Feb. 11
|
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