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Published on 9/19/2017 in the Prospect News Emerging Markets Daily.

New Issue: Kazakhstan sells KZT 300 million of 8½% two-year treasury bonds

By Marisa Wong

Morgantown, W.Va., Sept. 19 – The Kazakhstan Finance Ministry said it sold KZT 300 million of mid-term treasury bonds (Meokam-24, 86th issue) at a special trading session held on Monday.

The two-year bonds carry an 8½% coupon.

Pricing details were not disclosed.

The amount of accepted orders represents 5% of the issuer’s planned placement of KZT 6 billion of bonds.

Issuer:Kazakhstan Finance Ministry
Issue:Mid-term treasury bonds (Meokam-24, 86th issue)
Amount:KZT 300 million
Maturity:Sept. 18, 2019
Coupon:8½%
Auction date:Sept. 18
Settlement date:Sept. 18

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