Kazakhstan places no additional 6% bonds due 2019 at Thursday auction

By Marisa Wong

Madison, Wis., Feb. 14 - The Kazakhstan Finance Ministry said it auctioned no additional 6% long-term treasury bonds (Meukam-120, fifth issue) at a special trading session held on Feb. 14 due to unfavorable prices on submitted orders.

The issuer had intended to place a KZT 10 billion add-on to the KZT 10.87 billion of existing 6% bonds.

The initial tranche of 10-year treasury bonds settled on Aug. 26, 2009. The bonds will mature Aug. 26, 2019.

In the latest auction, active orders were received for KZT 60.25 billion of bonds. The net prices on submitted orders ranged from 94.8456 to 101.0204, and yields ranged from 5.8% to 7%.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.