 |
Home | Asset Prices | News & Global Markets | Research | Search |
 |
May 3, 1999
Primary Auctions
At an auction of Dollar-denominated 6-month T-bills held on 26 April, demand exceeded supply by almost eight times. The Finance Ministry, however, met only those bids that complied with the targeted average yield of 7.58%. As a result, it only raised USD 2m, as planned.
Latest issues of 6-month T-bills
| Issue | Maturity | Average
Price, USD |
Volume, USD mln | Average Yield (%) | Compound yield. % |
002 |
21.10.99 |
96.35 |
2.1 |
7.58 |
7.72 |
003 |
28.10.99 |
96.35 |
2.0 |
7.58 |
7.72 |
The auction of Dollar-denominated 3-month T-bills on 27 April was undersubscribed. The issuer only managed to place USD 2.5m, USD0.5m less than planned.
As a result of the two auctions held in the week ending 30 April, the Finance Ministry raised USD 4.6m (KZT 520.2m), though its plan was USD 5.0m, and it repaid KZT 625.9m. (IRBIS)
Latest issues of 3-month T-bills
| Issue | Maturity | Average
Price, USD |
Volume, USD mln | Average Yield (%) | Compound yield. % |
002 |
22.07.99 |
98.20 |
4.5 |
7.33 |
7.53 |
003 |
29.07.99 |
98.19 |
2.5 |
7.37 |
7.58 |
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.
| Home | Asset Pricing | News & Analysis | Research | Related Sites | Table of Contents | Search We welcome your comments, opinions,
and submissions to EMC. Copyright ©
1996-2000, The Emerging
Markets Companion, and/or its licensors. All Rights Reserved. The
information herein was obtained from sources which The Emerging Markets Companion, Inc.
and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the
information, nor any opinion expressed, constitutes a solicitation of the purchase or sale
of any securities or commodities. Please
read our full disclaimer. |