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Kyrgyz Natonal Bank to put up notes for auction

Kyrgyzstan Materials 13 February 2023 15:03 (UTC +04:00)
Kyrgyz Natonal Bank to put up notes for auction
Alyona Pavlenko
Alyona Pavlenko
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BAKU, Azerbaijan, February 13. The Kyrgyz National Bank is to place notes for 19.5 billion soms ($224.7 million) on auction on February 14, Trend reports with reference to the bank.

According to the bank, the maturity period of notes is 7, 14, 28, and 91 days.

№ of emission

Value of emission (thousand soms)

Maximum yield (in percent)

Date of emission

Maturity date

BD001230222

7 000 000,00

The discount rate of the National Bank on the date of the auction

15.02.2023

22.02.2023

BD002230301

7 400 000,00

The discount rate of the National Bank on the date of the auction

15.02.2023

01.03.2023

BD004230315

4 300 000,00

The discount rate of the National Bank on the date of the auction

15.02.2023

15.03.2023

BD013230517

800 000,00

The rate on the overnight loan of the National Bank on the date of the auction

15.02.2023

17.05.2023

According to the auction of notes held on February 7, the weighted average yield of 7, 14, 28, and 91-day notes was 10.39 percent, 11.38 percent, 12.15 percent, and 13.61 percent accordingly.

Kyrgyz National Bank has been issuing the notes since 1998. The issue of notes is carried out by the National Bank of Kyrgyzstan in order to implement monetary policy that regulates the volume and structure of the money supply in the country.

The nominal value of one note from Kyrgyz National Bank is 10,000 soms ($115). Notes are discount securities with a maturity period of 7, 14, or 28 days. They are issued in paperless form. As a rule, the bank conducts the auction each Tuesday, with the emission on Wednesday.

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