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Published on 1/29/2016 in the Prospect News Emerging Markets Daily.

New Issue: Kazakhstan auctions KZT 180 billion seven-year treasury bonds

By Marisa Wong

Morgantown, W.Va., Jan. 29 – The Kazakhstan Finance Ministry said it accepted orders for KZT 180 billion of long-term treasury bonds (Meujkam-084, second issue) at a special trading session held on Friday.

The seven-year bonds bear interest at the inflation rate plus 10 basis points.

Pricing details were not disclosed.

The amount of accepted orders represents 100% of the issuer’s planned issuance.

Issuer:Kazakhstan Finance Ministry
Issue:Long-term treasury bonds (Meujkam-084, second issue)
Amount:KZT 180 billion
Maturity:Jan. 29, 2023
Coupon:Inflation plus 10 bps, payable annually
Auction date:Jan. 29
Settlement date:Jan. 29

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