By Marisa Wong
Madison, Wis., June 27 - The Kazakhstan Finance Ministry said it accepted orders for KZT 7.72 billion 5.15% long-term treasury bonds (Meukam) on Monday.
The bonds priced at 101.3453, for a total of KZT 7.99 billion, to yield 5%.
The bonds will mature on Jan. 25, 2024. Interest is payable annually.
Active orders were received for KZT 17.51 billion of bonds. The amount of accepted orders represents 77.2% of the issuer's planned issuance of KZT 10 billion of bonds.
The newly placed bonds are part of the ministry's third issue of long-term treasury bonds. With the initial KZT 2.83 billion of 5.15% bonds due 2024 placed on Jan. 25, the total amount of bonds placed under the third issue is KZT10.55 billion.
| Issuer: | Kazakhstan Finance Ministry
|
| Issue: | Long-term treasury bonds (Meukam)
|
| Amount: | KZT 7,718,990,000
|
| Proceeds: | KZT 7,990,678,722
|
| Maturity: | Jan. 25, 2024
|
| Coupon: | 5.15%, payable annually
|
| Price: | 101.3453
|
| Yield: | 5%
|
| Auction date: | June 27
|
| Settlement date: | June 27
|
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