Kazakhstan's SevKazEnergo places no 12½% bonds at Tuesday session

By Marisa Wong

Madison, Wis., Nov. 6 - JSC SevKazEnergo held a special trading session on the Kazakhstan Stock Exchange to place KZT 3 billion of 12½% bonds due Jan. 10, 2020. No bonds were placed at Tuesday's trading session due to unfavorable prices on submitted orders.

The size of the planned placement represented 37.5% of the total principal amount of bonds the company is authorized to issue. The company registered to issue up to KZT 8 billion of the bonds in January 2010.

SevKazEnergo is an electrical and heating energy company based in Petropavlovsk, Kazakhstan.

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