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Kazakhstan places no long-term treasury bonds at Nov. 22 auction
By Marisa Wong
Madison, Wis., Nov. 26 - The Kazakhstan Finance Ministry said it auctioned no long-term treasury bonds (Meukam-120, 13th issue) at a special trading session held on Nov. 22 due to unfavorable prices on submitted orders.
The issuer had intended to place KZT 10 billion of 10-year bonds.
Active orders were received for KZT 4.05 billion of bonds. The coupons on submitted orders ranged from 6.8% to 15%.
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