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Kazakhstan places no additional 3.83% treasury bonds at Friday auction
By Marisa Wong
Madison, Wis., Sept. 7 - The Kazakhstan Finance Ministry said it auctioned no mid-term treasury bonds (Meokam-48, 47th issue) at a repeated special trading session held on Friday due to unfavorable prices on submitted orders.
The issuer had intended to place KZT 15 billion of additional 3.83% bonds due Aug. 15, 2016. The original KZT 5.78 billion of 3.83% bonds were issued on Aug. 15.
Active orders were received for KZT 7.22 billion of bonds. The weighted average bid price was 96.0929 to yield 4.9328%.
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