New Issue: Kazakhstan sells KZT 7.1 billion treasury bonds due 2021 at 93.3554 to yield 8.85%

By Marisa Wong

Morgantown, W.Va., Nov. 27 – 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 93.3554, corresponding to a yield of 8.85%.

The amount of accepted orders represents 101.4% of the issuer’s planned placement of KZT 7 billion of bonds. This brings the total issue size to KZT 29.65 billion. The ministry issued the original KZT 8.3 billion of bonds on July 9, 2014, an additional KZT 7.1 billion on Nov. 10 and a further KZT 7.15 billion on Nov. 17.

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:	93.3554
Yield:	8.85%
Auction date:	Nov. 24
Settlement date:	Nov. 24
Total issuance:	KZT 29.65 billion, including initial KZT 8.3 billion issued on July 9, 2014, KZT 7.1 billion add-on sold on Nov. 10, KZT 7.15 billion add-on sold on Nov. 17

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.