Published on 1/29/2020 in the Prospect News Emerging Markets Daily.
New Issue: Kazakhstan sells KZT 6 billion more 9% treasury bonds due 2027
By Marisa Wong
Los Angeles, Jan. 29 – Kazakhstan’s Ministry of Finance sold KZT 6 billion of additional long-term treasury bonds (Meukam-120, 18th issue) at a special trading session held on Wednesday.
The latest 9% bonds due 2027 were sold at a “clean” price of 97.3188 to yield 9˝%.
The amount of accepted orders represents 100% of the issuer’s planned placement.
The issuer previously issued KZT 250 billion of the bonds.
| Issuer: | Kazakhstan Finance Ministry
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| Issue: | Long-term treasury bonds (Meukam-120, 18th issue), add-on
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| Amount: | KZT 6 billion
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| Maturity: | July 3, 2027
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| Coupon: | 9%
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| Price: | 97.3188
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| Yield: | 9˝%
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| Trade date: | Jan. 29
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| Settlement date: | Jan. 29
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| Total issuance: | KZT 256,000,012,000
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