Issue #244 of MEKKAM-3 was canceled

11.10.99 00:00
/IRBIS, Oct.11, 99/ - October 11 the Ministry of Finance of Kazakhstan and the National Bank has conducted auction for placement of the 244st issue of MEKKAM-3 (KZ43L2212991, 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 Primary dealers and their customers.