Kazakhstan's KazMunaiGaz sells no discount bonds at April 19 session

By Marisa Wong

Madison, Wis., April 22 - KazMunaiGaz National Co. held a special trading session on the Kazakhstan Stock Exchange to sell KZT 2 billion of discount bonds due 2017. No bonds were placed at the trading session held on Friday due to unfavorable prices on submitted orders.

The size of the planned placement represented 2% of the total principal amount of bonds the company is authorized to issue.

The gas company is based in Astana, Kazakhstan.

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