By Marisa Wong
Madison, Wis., Dec. 4 - The Kazakhstan Finance Ministry said it accepted orders for an additional KZT 2.15 billion of 6.1% long-term treasury bonds due 2021 (Meukam-96, 10th issue) at a special trading session held on Wednesday.
The ministry said this brings the total size of the issue to about KZT 23.81 billion. The initial KZT 6.67 billion of long-term treasury bonds settled on May 21, 2013 and another KZT 15 billion settled on July 15.
The newest bonds were auctioned at a net price of 98.7911, for KZT 2.19 billion of proceeds, to yield 6.3%.
Active orders were received for KZT 5.44 billion of bonds. The net price on submitted orders ranged from 94.8509 to 98.9067, and the yield ranged from 6.28% to 7%.
The amount of accepted orders represents 10% of the issuer's planned placement of KZT 21 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-96, 10th issue)
|
| Amount: | KZT 2,147,100,000
|
| Proceeds: | KZT 2,191,359,842
|
| Maturity: | May 21, 2021
|
| Coupon: | 6.1%, payable annually
|
| Price: | 98.7911
|
| Yield: | 6.3%
|
| Auction date: | Dec. 4
|
| Settlement date: | Dec. 4
|
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