New Issue: Kazakhstan sells KZT 15 billion more 9.7% bonds due 2022 at 102.8901 to yield 8.85%

By Marisa Wong

Morgantown, W.Va., Nov. 21 – The Kazakhstan Finance Ministry said it sold KZT 15 billion of additional mid-term treasury bonds (Meokam-60, 50th issue) at a special trading session held on Monday.

The 9.7% bonds due 2022 were sold at a “clean” price of 102.8901, corresponding to a yield of 8.85%.

The amount of accepted orders represents 100% of the issuer’s planned placement.

The issuer had registered the 9.7% bonds in January 2017 and since then has issued a total of KZT 107.4 billion of the bonds, including the current tranche.

Issuer:	Kazakhstan Finance Ministry
Issue:	Mid-term treasury bonds (Meokam-60, 50th issue)
Amount:	KZT 15 billion
Maturity:	Jan. 23, 2022
Coupon:	9.7%
Price:	102.8901
Yield:	8.85%
Auction date:	Nov. 20
Settlement date:	Nov. 20
Total issuance:	KZT 107.4 billion, including KZT 24.2 billion on Jan. 23, 2017, KZT 24 billion on Feb. 13, 2017, KZT 24 billion on Feb. 27, 2017, KZT 5 billion on Aug. 9 and KZT 15.2 billion on Nov. 13

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