By Marisa Wong
Madison, Wis., July 11 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 16.41 billion of 5.8% long-term treasury bonds due 2020 (Meukam-120, eighth issue) at a special trading session held on Thursday.
The ministry said this brings the total size of the issue to KZT 50.74 billion. The initial KZT 18 billion of long-term treasury bonds settled on Sept. 15, 2010, an additional KZT 3.33 billion settled on Jan. 22, 2013, and another KZT 13 billion settled on April 22.
The newest bonds were auctioned at a net price of 99.4038 for proceeds of KZT 17.09 billion to yield 5.9%.
Active orders were received for KZT 59.23 billion of bonds. The net price on submitted orders ranged from 96.0568 to 99.9760, and yields ranged from 5.8% to 6½%.
The amount of accepted orders represents 109.4% of the issuer's planned placement of KZT 15 billion of bonds.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam-120, eighth issue)
|
| Amount: | KZT 16,410,196,000
|
| Proceeds: | KZT 17,094,942,425
|
| Maturity: | Sept. 15, 2020
|
| Coupon: | 5.8%, payable annually
|
| Net price: | 99.4038
|
| Yield: | 5.9%
|
| Auction date: | July 11
|
| Settlement date: | July 11
|
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