Kyrgyz Stock Exchange starts auctions
Published September 14th, 2007
The Kyrgyz stock exchange (ĐšSE) together with Finance Ministry, Central Depositary and Kyrgyzstan National Bank starts a project using auctions to sell state treasury promissory notes, reportes the KSE press service.
According to the press service, auctions start today, September 14. The event will be celebrated by a ceremony joined by Kyrgyzstan President Kurmanbek Bakiyev.
KSE plans to sell 9 months state securities. Promissory notes are issued by Kyrgyzstan Finance Ministry to pay back a deficit of state budget.
Earlier state securities were invested through Kyrgyzstan National Bank. If the project appears to be successful, transition of all types of state treasury promissory notes on KSE trading area will be executed.
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