Kazakhstan sells no short-term treasury bonds at Monday auction

By Marisa Wong

Madison, Wis., Sept. 3 - The Kazakhstan Finance Ministry said it auctioned no short-term treasury bonds (Mekkam-12, 133rd issue) at a special trading session held on Monday due to unfavorable prices on submitted orders.

The issuer had intended to place KZT 2.5 million of one-year bonds.

In Monday's auction, active orders were received for KZT 2.91 million of bonds. The weighted average price was 97.0874, and the yield was 3%.

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