We analyze the dynamics of a large network of coupled quadratic integrate-and-fire neurons, which represent the canonical model for class I neurons near the spiking threshold. The network is heterogeneous in that it includes both inherently spiking and excitable neurons. The coupling is global via synapses that take into account the finite width of synaptic pulses. Using a recently developed reduction method based on the Lorentzian ansatz, we derive a closed system of equations for the neuron's firing rate and the mean membrane potential, which are exact in the infinite-size limit. The bifurcation analysis of the reduced equations reveals a rich scenario of asymptotic behavior, the most interesting of which is the macroscopic limit-cycle oscillations. It is shown that the finite width of synaptic pulses is a necessary condition for the existence of such oscillations. The robustness of the oscillations against aging damage, which transforms spiking neurons into nonspiking neurons, is analyzed. The validity of the reduced equations is confirmed by comparing their solutions with the solutions of microscopic equations for the finite-size networks.