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Kazakhstan's CenterCredit places no bonds at Monday trading session
By Marisa Wong
Madison, Wis., April 29 - JSC Bank CenterCredit held a special trading session on the Kazakhstan Stock Exchange to place KZT 8 billion of 8% five-year bonds. No bonds were placed at the trading session held on Monday due to unsatisfactory prices on submitted orders.
The 8% bonds make up the first issue under the Almaty, Kazakhstan-based bank's first bond program. The bank registered in September 2008 to issue a total of KZT 100 billion of bonds and was authorized in November 2009 to issue KZT 8 billion of first issue bonds.
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