Fourth issue of MEIKAM-3 was canceled

29.09.99 00:00
/IRBIS, Sep.29, 99/ - September 29 the Ministry of Finance of Kazakhstan and the National Bank has conducted auction for placement of the 4th issue of MEIKAM-3 (KZ31L3112997, 91 days). The emitter determines announced volume of issue at 400 million tenges. Satisfaction size of the incompetitive applications - 50% from the established volume. After the analysis of the applications the issue was recognized as not holding. As the employee of the Ministry of Finance has declared to KASE, the issue was cancelled because of unacceptable prices stated by the investors.