Kazakhstan places no mid-term treasury bonds at Tuesday auction

By Marisa Wong

Madison, Wis., Nov. 20 - The Kazakhstan Finance Ministry said it auctioned no 5.2% mid-term treasury bonds (Meokam-48, 41st issue) at a special trading session held on Tuesday due to unfavorable prices on submitted orders.

The issuer had intended to place KZT 6 billion of four-year bonds.

Active orders were received for KZT 16.58 billion of bonds. The net prices on submitted orders ranged from 99.1785 to 101.241, and yields ranged from 4% to 6%.

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