Issue of MEKKAM-6 #118 has been cancelled

/IRBIS, Jan.10, 00/ - On January 10 the Ministry of Finance of Kazakhstan made an attempt to hold an auction for offering the 118th issue of MEKKAM with the circulation term of 182 days at announced volume of the issue KZT500 mln and 50% restriction level for noncompetitive applications. As the representative of the emitter informed KASE, the issue has been cancelled because of unsatisfactory price terms of dealers and their clients. This is the third unsuccessful attempt of the Ministry of finance in this year to place its half year debt.