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Kazakhstan sells no additional 5½% bonds due 2032 at Tuesday auction
By Marisa Wong
Madison, Wis., Sept. 3 - The Kazakhstan Finance Ministry said it auctioned no additional 5½% long-term treasury bonds (Meukam-240, first issue) at a special trading session held on Tuesday due to an absence of orders.
The issuer had intended to place a KZT 15 billion add-on to the KZT 20.83 billion of existing 5½% bonds due April 24, 2032.
The initial KZT 15 billion of 20-year bonds settled on April 24, 2012, an additional KZT 3.67 billion settled on June 21, 2012, another KZT 609.3 million settled on Oct. 30, 2012 and KZT 1.55 billion more was sold on Dec. 21, 2012.
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