Kazakhstan's Innova Investment places no 9½% bonds at Tuesday session

By Marisa Wong

Madison, Wis., Oct. 31 - Innova Investment LLP held a special trading session on the Kazakhstan Stock Exchange to place KZT 3 billion of 9½% bonds due Dec. 28, 2016. No bonds were placed at Tuesday's trading session due to an insufficient number of orders.

The size of the planned placement represented 30% of the total principal amount of bonds the company is authorized to issue. The company registered to issue up to KZT 10 billion of the bonds in December 2011.

The company is based in Almaty, Kazakhstan.

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