Kazakhstan Engineering places no 5% bonds at Wednesday session

By Marisa Wong

Madison, Wis., Jan. 9 - JSC National Co. Kazakhstan Engineering held a special trading session on the Kazakhstan Stock Exchange to place 5% bonds due Nov. 6, 2015. No bonds were placed at the trading session held on Jan. 9 due to an absence of orders.

The planned placement was to be the first tranche under the company's first bond program. The company registered to issue up to KZT 30 billion of the bonds on Oct. 19.

The Astana, Kazakhstan-based company makes special-purpose products for law enforcement agencies in Kazakhstan, as well as oil and gas and rail equipment.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.