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Kazakhstan places no long-term treasury bonds at Monday auction
By Marisa Wong
Madison, Wis., Oct. 15 - The Kazakhstan Finance Ministry said it auctioned no long-term treasury bonds (Meukam-96, ninth issue) at a special trading session held on Monday due to unfavorable prices on submitted orders.
The issuer had intended to place KZT 15 billion of eight-year bonds.
Active orders were received for KZT 4.7 billion of bonds. The interest rate on submitted orders ranged from 6.3% to 10%, and the weighted average coupon was 7.5319%.
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