New Issue: Kazakhstan auctions KZT 11.59 billion 5.6% bonds due 2018 to yield 5.3%

By Marisa Wong

Madison, Wis., Feb. 24 - The Kazakhstan Finance Ministry said it accepted orders for another KZT 11.59 billion of 5.6% long-term treasury bonds (Meukam-96, seventh issue) on Friday.

The ministry said this brings the total size of the seventh issue of long-term treasury bonds to KZT 21.59 billion. The initial settlement date for the bonds was May 14, 2010.

The bonds were auctioned at a net price of 101.5305, for proceeds of KZT 12.27 billion, to yield 5.3%.

The bonds will mature on May 14, 2018. Interest is payable annually.

Active orders were received for KZT 17.62 billion of bonds. The amount of accepted orders represents 77.2% of the issuer's planned issuance of KZT 15 billion of bonds.

Issuer:	Kazakhstan Finance Ministry
Issue:	Long-term treasury bonds (Meukam-96, seventh issue)
Amount:	KZT 11,585,000,000
Proceeds:	KZT 12,266,899,536
Maturity:	May 14, 2018
Coupon:	5.6%, payable annually
Price:	101.5305
Yield:	5.3%
Auction date:	Feb. 24
Settlement date:	Feb. 24

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