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Kazakhstan places no 8½% treasury bonds due 2019 at Monday auction
By Marisa Wong
Morgantown, W.Va., Oct. 10 – The Kazakhstan Finance Ministry said it auctioned no additional mid-term treasury bonds (Meokam-24, 86th issue) at the repeated special trading session held on Monday due to unfavorable prices on orders submitted.
The ministry had planned to place KZT 3 billion of 8½% bonds due 2019, according to a Kazakhstan Stock Exchange notice.
The ministry issued an initial KZT 300 million of the 8½% two-year bonds on Sept. 18 and another KZT 3 billion of the bonds on Oct. 2, as previously reported.
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