Seventheenth Issue of notes-3 was canceled
11.11.99 00:00
/IRBIS, Nov.11, 99/ - November 11 the National Bank has conducted auction
for placement of the 17th issue of notes-17 with 21 days of circulation. The
emitter determines announced volume of issue at 2 million tenges.
Satisfaction size of the non-competitive applications - 60% 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.