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Published on 2/21/2017 in the Prospect News Emerging Markets Daily.

New Issue: Kazakhstan places KZT 24 billion 9˝% seven-year treasury bonds

By Marisa Wong

Morgantown, W.Va., Feb. 21 – The Kazakhstan Finance Ministry said it sold KZT 24 billion of 9˝% long-term treasury bonds (Meukam-84, 17th issue) at a special trading session held on Monday.

The seven-year bonds were sold at a “clean” price of 99.9777 to yield 9˝%.

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

Issuer:Kazakhstan Finance Ministry
Issue:Long-term treasury bonds (Meukam-84, 17th issue)
Amount:KZT 24 billion
Maturity:Jan. 30, 2024
Coupon:9˝%
Price:99.9777
Yield:9˝%
Auction date:Feb. 20
Settlement date:Feb. 20

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