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Kazakhstan places no additional 6% bonds due 2019 at Dec. 25 auction
By Marisa Wong
Madison, Wis., Dec. 26 - The Kazakhstan Finance Ministry said it auctioned no additional 6% long-term treasury bonds (Meukam-84, 11th issue) at a special trading session held on Dec. 25 due to unfavorable prices on submitted orders.
The issuer had intended to place a KZT 10 billion add-on to the KZT 37.03 billion of existing 6% bonds.
The initial KZT 13.47 billion of seven-year treasury bonds settled on Oct. 5, and an additional KZT 10.47 billion settled on Oct. 16.
In the latest auction, active orders were received for KZT 2.92 billion of bonds. The net prices on submitted orders ranged from 95.2204 to 97.2950, and yields ranged from 6½% to 6.9%.
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