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Kazakhstan places no additional bonds due 2020 at Monday auction
By Marisa Wong
Madison, Wis., Nov. 26 - The Kazakhstan Finance Ministry said it auctioned no additional 5% long-term treasury bonds (Meukam-108, seventh issue) at a special trading session held on Monday due to unfavorable prices on submitted orders.
The issuer had intended to place a KZT 9 billion add-on to the KZT 20.2 billion of existing bonds due 2020.
Active orders were received for KZT 1.06 billion of bonds. The net prices on submitted orders ranged from 88.2703 to 92.5637, and yields ranged from 6.2% to 6.95%.
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