Published on 3/4/2019 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan sells KZT 38.18 billion more 8.48% bonds due 2036
By Marisa Wong
Morgantown, W.Va., March 4 – Kazakhstan’s Ministry of Finance sold KZT 38,175,249,000 of additional 8.48% long-term treasury bonds due July 30, 2036 (Meukam-216, first issue) at a repeated special trading session held on Monday, according to a Kazakhstan Stock Exchange notice.
The “clean” price was 96.9438, corresponding to a yield of 8.82%.
The amount priced represents 109.1% of the issuer’s planned placement of KZT 35 billion of bonds.
The total amount of the Meukam-216, first issue bonds is now KZT 83,675,249,000.
Issuer: | Kazakhstan’s Ministry of Finance
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Issue: | Long-term treasury bonds (Meukam-216, first issue)
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Amount: | KZT 38,175,249,000
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Maturity: | July 30, 2036
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Coupon: | 8.48%
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Price: | 96.9438
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Yield: | 8.82%
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Auction date: | March 4
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Settlement date: | March 4
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Total issuance: | KZT 83,675,249,000
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