Kazakhstan
Bonds of the Ministry of Finance of the Republic of Kazakhstan.
Last week the Ministry of Finance of the Republic of Kazakhstan placed only 1 bond issue: 7-year bonds in the amount of KZT2bn (3 issues for a total amount of KZT7.3bn in the previous week). The bonds were placed at the rate of 10.52%. The demand vs supply was only 8%. The issuer planned to place under the specialized trading session the mentioned bonds for additional KZT20 bn, but the trading session was declared invalid, since there were no active orders at the end of order collection time on KASE.
On July 9, the specialized trading session offering 12-year MEUKAM for total of KZT25bn and the weighted average yield on orders of 10.944% did not take place "due to the unsatisfactory price of the submitted orders". The active orders amounted to about KZT2.2bn, demand to supply made 10.3%.
Notes of the National Bank of the Republic of Kazakhstan. There were no auctions to place the NBK notes last week.
The weekly net borrowing balance of the Ministry of Finance of Kazakhstan and the National Bank of Kazakhstan in the government securities market amounted to minus T508.1 bn, with the net balance of the National Bank of Kazakhstan minus T306.1 bn at the end of the week.
