Kazakhstan places no long-term treasury bonds at Wednesday auction

By Marisa Wong

Madison, Wis., Oct. 17 - The Kazakhstan Finance Ministry said it auctioned no long-term treasury bonds (Meukam-144, fifth issue) at a special trading session held on Wednesday due to unfavorable prices on submitted orders.

The issuer had intended to place KZT 20 billion of 12-year bonds.

Active orders were received for KZT 6.8 billion of bonds. The interest rate on submitted orders ranged from 6.49% to 12%, and the weighted average coupon was 8.2806%.

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