Published on 2/26/2015 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan auctions KZT 45 billion 8.37% treasury bonds due 2040
By Marisa Wong
Madison, Wis., Feb. 26 – The Kazakhstan Finance Ministry said it accepted orders for KZT 45 billion of 8.37% long-term treasury bonds (Meukam-300, third issue) at a special trading session held on Thursday.
Pricing details for the 25-year bonds were not disclosed.
The amount of accepted orders represents 225% of the issuer’s planned issuance of KZT 20 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-300, third issue)
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| Amount: | KZT 45 billion
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| Maturity: | Feb. 26, 2040
|
| Coupon: | 8.37%, payable annually
|
| Auction date: | Feb. 26
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| Settlement date: | Feb. 26
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