New Issue: Kazakhstan places KZT 3 billion 7% treasury bonds due 2023 at 91.4473 to yield 8.9%

By Marisa Wong

Morgantown, W.Va., Aug. 29 – The Kazakhstan Finance Ministry said it sold KZT 3 billion of long-term treasury bonds due 2023 (Meukam-108, 11th issue) at a special trading session held on Monday.

The 7% bonds were sold at a “clean” price of 91.4473, corresponding to a yield of 8.9%.

The amount of accepted orders represents 60% of the issuer’s planned placement of KZT 5 billion of bonds. The ministry issued an initial KZT 4.7 billion of the bonds in August 2014.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-108, 11th issue), add-on
Amount:	KZT 3 billion
Maturity:	Aug. 29, 2023
Coupon:	7%
Price:	91.4473
Yield:	8.9%
Auction date:	Aug. 28
Settlement date:	Aug. 28
Original issue:	KZT 4.7 billion on Aug. 29, 2014
Total issue:	KZT 7.7 billion

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