New Issue: Kazakhstan places KZT 48.45 billion more 8.35% treasury bonds due 2040

By Marisa Wong

Madison, Wis., July 9 – The Kazakhstan Finance Ministry said it accepted orders for another KZT 48.45 billion of 8.35% long-term treasury bonds (Meukam-300, third issue) at a special trading session held on Wednesday.

This brings the total size of the issue to KZT 93.45 billion. The initial KZT 45 billion of 25-year bonds settled on Feb. 26

The latest bonds were auctioned at a net price of 100.1287 to yield 8.35%.

The amount of accepted orders represents 194% of the issuer’s planned placement of KZT 25 billion of bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-300, third issue)
Amount:	KZT 48,450,693,000
Maturity:	Feb. 26, 2040
Coupon:	8.35%, payable annually
Net price:	100.1287
Yield:	8.35%
Auction date:	July 8

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.