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Kazakhstan sells no additional 3.85% bonds due 2018 at Tuesday auction
By Marisa Wong
Madison, Wis., Aug. 27 - The Kazakhstan Finance Ministry said it auctioned no additional 3.85% mid-term treasury bonds (Meukam-84, 10th issue) at a special trading session held on Aug. 27 due to unsatisfactory prices on submitted orders.
The issuer had intended to place a KZT 12 billion add-on to the KZT 18.67 billion of existing 3.85% bonds due Aug. 10, 2018.
The initial KZT 12 billion tranche of seven-year treasury bonds settled on Aug. 10, 2011, and an additional KZT 6.7 billion settled on Feb. 22, 2012.
In the latest auction, active orders were received for KZT 222.7 million of bonds. The net price on submitted orders was 91.48, and the yield was 5.88%.
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