Kazakhstan places no 8.4% treasury bonds due 2020 at Wednesday auction

By Marisa Wong

Morgantown, W.Va., Oct. 19 – The Kazakhstan Finance Ministry said it auctioned no additional mid-term treasury bonds (Meokam-36, 90th issue) at the repeated special trading session held on Wednesday due to unfavorable prices on orders submitted.

The ministry had planned to place a further KZT 9 billion of the bonds, according to a Kazakhstan Stock Exchange notice.

The ministry issued an initial KZT 550 million of the 8.4% three-year bonds on Sept. 7. The issuer tried to place additional bonds on Oct. 4 and Oct. 11 but did not sell any more of the bonds at the repeated special trading sessions, as previously reported.

Another special trading session on the Kazakhstan Stock Exchange to place more of the mid-term treasury bonds is scheduled for Oct. 25.

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