New Issue: Kazakhstan sells KZT 7.1 billion treasury bonds due 2021 at 93.2984 to yield 8.85%

By Marisa Wong

Morgantown, W.Va., Nov. 13 – The Kazakhstan Finance Ministry said it sold KZT 7.1 billion of additional 6.65% long-term treasury bonds due July 9, 2021 (Meukam-84, 15th issue) at a repeated special trading session held on Friday.

The “clean” price for the bonds was 93.2984, corresponding to a yield of 8.85%.

The amount of accepted orders represents 100% of the issuer’s planned placement. This brings the total issue size to KZT 15.4 billion. The ministry issued the original KZT 8.3 billion of bonds on July 9, 2014.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-84, 15th issue)
Amount:	KZT 7.1 billion
Maturity:	July 9, 2021
Coupon:	6.65%
Price:	93.2984
Yield:	8.85%
Auction date:	Nov. 10
Settlement date:	Nov. 10
Total issuance:	KZT 15.4 billion, including initial KZT 8.3 billion issued on July 9, 2014

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