By Marisa Wong
Morgantown, W.Va., Oct. 23 – The Kazakhstan Finance Ministry said it sold KZT 51.1 billion of additional mid-term treasury bonds due August 2021 (Meokam-48, 51st issue) at a repeated special trading session held on Friday.
The “clean” price for the bonds was 99.9771, corresponding to a yield of 8.99%.
The amount of accepted orders represents 319.4% of the issuer’s planned placement of KZT 16 billion of bonds.
The ministry issued an initial KZT 4 billion of the bonds on Aug. 14, an additional KZT 6.2 billion on Sept. 11, a further KZT 22.8 billion on Oct. 6 and another KZT 37 billion on Oct. 13.
| Issuer: | Kazakhstan Finance Ministry
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| Issue: | Mid-term treasury bonds (Meokam-48, 51st issue)
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| Amount: | KZT 51.1 billion
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| Maturity: | Aug. 14, 2021
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| Price: | 99.9771
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| Yield: | 8.99%
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| Auction date: | Oct. 20
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| Settlement date: | Oct. 20
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| Total issuance: | KZT 121.1 billion, including KZT 4 billion issued on Aug. 14, KZT 6.2 billion on Sept. 11, KZT 22.8 billion on Oct. 6 and KZT 37 billion on Oct. 13
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