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Kazkommerts Securities

Kazakhstan Weekly News
Fixed Income

December 14, 1998

Latest Kazakhstan Weekly News


Primary Auctions

On 7 December the Finance Ministry and the National Bank of Kazakhstan held the 93rd auction of 6-month T-bills. Unlike the previous week, the auction was a success and the placed volume reached KZT 1,470m (USD 17.69m), exceeding the target by almost 5 times.

Latest issues of 6-month T-bills

91

27.05.99

89.85

22.59

93

10.06.99

89.49

23.49

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

The average yield on 3-month T-bills rose to 23.06% at an auction held on 8 December. Although traditionally the planned volume is set at KZT 400m (USD 4.8m), the Finance Ministry raised KZT 600m (USD 7.22m).

Latest issues of 3-month T-bills

213

04.03.99

94.58

22.92

214

11.03.99

94.55

23.06

Compound Yields vs. Volumes at Primary Auctions of 3-month T-bills


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