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Kazakhstan places no mid-term treasury bonds at Monday auction
By Marisa Wong
Madison, Wis., Nov. 19 - The Kazakhstan Finance Ministry said it auctioned no mid-term treasury bonds (Meukam-204, first issue) at a special trading session held on Monday due to unfavorable prices on submitted orders.
The issuer had intended to place KZT 10 billion of 17-year bonds.
Active orders were received for KZT 6.2 billion of bonds. The yields on submitted orders ranged from 7% to 15%, and the weighted average yield was 9.4811%.
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