Kazakhstan places no mid-term treasury bonds at Thursday auction

By Marisa Wong

Madison, Wis., Oct. 25 - The Kazakhstan Finance Ministry said it auctioned no mid-term treasury bonds (Meukam-60, 46th issue) at a special trading session held on Thursday due to unfavorable prices on submitted orders.

The issuer had intended to place KZT 15 billion of 5½% five-year bonds.

Active orders were received for KZT 4.8 billion of bonds. The interest rate on submitted orders ranged from 5.7% to 6½%, and the weighted average coupon was 6.04%.

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