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 Kazkommerts Securities

Kazakhstan Weekly News
Fixed Income

September 28, 1998

Latest Kazakhstan Weekly News

Primary Auctions

At the latest auction of 6-month T-bills (September 21) the average yield didn't change from the previous figure of 19.51%. This time, however, the Ministry of Finance placed the papers to the amount of KZT 473.8m (USD 5.94m) with a modest planned volume of KZT 300m (some USD 3.8m).

Latest issues of 6-month T-bills

82

18.03.99

91.11

19.51

83

25.03.99

91.11

19.51

Compound Yields vs. Volumes at Primary Auctions of 6-month T-bills

The 203rd auction of 3-month T-bills held on September 22 was oversubscribed 2.3 times. The Ministry of Finance, therefore, managed to sell more than it planned (KZT 400m or about USD 5m). The average yield was 19.99%, unchanged from the previous auction of September 15. The compound yield accordingly remained constant— 21.54%.

Latest issues of 3-month T-bills

198

19.11.99

95.59

18.45

199

26.11.99

95.50

18.85

202

17.12.99

95.24

19.99

203

24.12.98

95.24

19.99

Kazakhstan Weekly News is also available free of charge on E-mail. To subscribe via E-mail, please contact us on Lydia@kazks.kz or Madina@kazks.kz.

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