Kazakhstan sells no additional 5.9% bonds due 2020 at Thursday auction

By Marisa Wong

Madison, Wis., Aug. 29 - The Kazakhstan Finance Ministry said it auctioned no additional 5.9% long-term treasury bonds (Meukam-84, 13th issue) at a special trading session held on Thursday due to unfavorable prices on submitted orders.

The issuer had intended to place a KZT 15 billion add-on to the KZT 15 billion of existing 5.9% bonds due June 20, 2020. The original seven-year bonds settled on June 20.

In the latest auction, active orders were received for KZT 2.61 billion of bonds. The net price on submitted orders was 99.4277, and the yield was 6%.

© 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.