The Ministry of Finance failed to place the declared volume of bonds worth 800 million KGS on the stock exchange

The Ministry of Finance was unable to place the entire declared volume of 2-year government treasury bonds at the auction held on October 24 on the trading platform of the Kyrgyz Stock Exchange.

Initially, the Ministry of Finance planned to raise 800 million KGS by placing 2-year government bonds. However, at the end of trading, demand amounted to only 502.14 million KGS, which is equivalent to 63% of the declared volume.

The weighted average yield on the placement remained at 13%, with the minimum and maximum yields on satisfied bids coinciding at 13%. The coupon rate for the issue was set at 5%.

Thus, almost 300 million KGS of the planned volume of securities remained undistributed.