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Kazakhstan sells no additional 6½% bonds due 2027 at Thursday auction
By Marisa Wong
Madison, Wis., March 28 - The Kazakhstan Finance Ministry said it auctioned no additional 6½% long-term treasury bonds (Meukam-180, eighth issue) at a special trading session held on March 28 due to unfavorable prices on submitted orders.
The issuer had intended to place a KZT 10 billion add-on to the KZT 19.42 billion of existing 6½% bonds.
The initial tranche of 15-year treasury bonds settled on Oct. 24, 2012. The bonds will mature Oct. 24, 2027.
In the latest auction, active orders were received for KZT 1.83 billion of bonds. The net prices on submitted orders ranged from 91.2570 to 99.0311, and yields ranged from 6.6% to 7½%.
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