New Issue: Kazakhstan sells KZT 10.97 billion more 8.46% bonds due 2033

By Marisa Wong

Los Angeles, Dec. 11 – Kazakhstan’s Ministry of Finance said it sold KZT 10,972,000,000 of additional 8.46% treasury bonds due 2033 (Meukam-180, 14th issue) at a special trading session held on Wednesday.

The “clean” price was 93.6316, corresponding to a yield of 9.3%.

The amount priced represents about 115.5% of the issuer’s planned placement of KZT 9.5 billion of bonds.

The issuer had previously sold KZT 153.25 billion of the long-term treasury bonds.

Issuer:	Ministry of Finance of Kazakhstan
Issue:	Long-term treasury bonds (Meukam-180, 14th issue)
Amount:	KZT 10,972,000,000
Maturity:	April 23, 2033
Coupon:	8.46%
Price:	93.6316
Yield:	9.3%
Auction date:	Dec. 11
Settlement date:	Dec. 11
Total issuance:	KZT 164,222,000,000, 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, KZT 20 billion issued on Sept. 3, 2018, KZT 35 billion issued on Feb. 18, 2019, KZT 50 billion issued on June 10, 2019, KZT 5 billion issued on Aug. 14 and KZT 10 billion on Nov. 13

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