Kazakhstan's Doszhan buys no infrastructure bonds at Wednesday auction

By Marisa Wong

Madison, Wis., July 18 - JSC Doszhan Temir Zholy planned to buy back a portion of its KZT 30 billion infrastructure bonds due 2028 at a special trading session held on Wednesday, but no bonds were repurchased, according to a Kazakhstan Stock Exchange notice.

The volume of the buyback was set at 3,863,000 infrastructure bonds, which represents 13.1% of the total number of bonds issued.

The company said that it decided not to purchase any bonds because the proposed prices of the submitted orders were higher than expected.

Doszhan Temir Zholy constructs and operates railway lines and is based in Almaty, Kazakhstan.

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