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

By Marisa Wong

Morgantown, W.Va., Jan. 16 – 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 Monday due to unfavorable prices on orders submitted.

The ministry had planned to place a further KZT 20 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, as previously reported.

The issuer failed to sell more bonds at the multiple repeated special trading sessions held in October.

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