New Issue: Kazakhstan sells KZT 35 billion more 8.46% bonds due 2033

By Marisa Wong

Morgantown, W.Va., Feb. 19 – The Kazakhstan Finance Ministry said it sold KZT 35 billion of additional 8.46% long-term treasury bonds (Meukam-180, 14th issue) at a special trading session held on Monday.

The “clean” price was 98.0339, corresponding to a yield of 8.7%.

The amount priced represents about 100% of the issuer’s planned placement.

The issuer had previously sold KZT 53.25 billion of the 8.46% bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-180, 14th issue)
Amount:	KZT 35 billion
Maturity:	April 23, 2033
Coupon:	8.46%
Price:	98.0339
Yield:	8.7%
Auction date:	Feb. 18
Settlement date:	Feb. 18
Total issuance:	KZT 88.25 billion, including KZT 12 billion issued on April 23, 2018, KZT 11 billion issued on May 21, 2018, KZT 10.25 billion issued on July 2, 2018 and KZT 20 billion issued on Sept. 3

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