New Issue: Kazakhstan places KZT 10 billion more 7% treasury bonds due 2023 at 8.89% yield

By Marisa Wong

Morgantown, W.Va., Nov. 16 – The Kazakhstan Finance Ministry said it sold KZT 10 billion of additional long-term treasury bonds due 2023 (Meukam-108, 11th issue) at a repeated special trading session held on Wednesday.

The 7% bonds were sold at a “clean” price of 91.6759, corresponding to a yield of 8.89%.

The ministry issued an initial KZT 4.7 billion of the bonds in August 2014, an additional KZT 3 billion on Aug. 28 and a further KZT 10 billion on Nov. 9.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-108, 11th issue), add-on
Amount:	KZT 10 billion
Maturity:	Aug. 29, 2023
Coupon:	7%
Price:	91.6759
Yield:	8.89%
Auction date:	Nov. 15
Settlement date:	Nov. 15
Total issue:	KZT 27.7 billion, including original KZT 4.7 billion on Aug. 29, 2014, KZT 3 billion add-on on Aug. 28, KZT 10 billion add-on on Nov. 9

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