Kazakhstan places no 8½% treasury bonds due 2019 at Monday auction

By Marisa Wong

Morgantown, W.Va., Oct. 23 – 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 a further KZT 3 billion of the bonds, 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 an additional KZT 3 billion of the bonds on Oct. 2, as previously reported.

The issuer failed to sell more bonds at the previous repeated special trading sessions held on Oct. 9 and Oct. 16.

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