National Bank of Kazakhstan has characterized the Republic's GS market in October of 2002

/IRBIS, November 7, 02/ - National Bank of Kazakhstan, in its press-release, which was devoted to the current market situation, has briefly characterized Government securities market in Octobber of 2002. In particular it is informed that issue volume of securities of the Ministry of finance of Kazakhstan in this month decreased in comparison with September of 2002 by 35.3% to KZT4.4 bn, at this volume of securities in circulation increased by 1.8% to KZT105.8 bn due to longer securities issue. During October mid-term 3-year and 5-year МЕОКАМ were issued. In October there was decrease of yield on 3-year MEOKAM (from 8.35% to 8.15% APR) and on 5-year МЕОКАМ (from 8.68% to 8.47% APR). Volume of National Bank's notes issue in October increased in comparieon with September by 29.1% to KZT25.2 bn, whereas there was increase on them from 5.75% APR to 5.92% APR. Volume of notes in circulation increased to KZT45.9 bn (by 10.9%). In comparison with September volume of deals on direct repo transactions fell in October by 19.2% and equaled to KZT69.7 bn. Volumes on reverse repo transactions rose from KZT300 m in August (in September these transactions were not made) to KZT3.8 bn in October. [2002-11-07]