Regulatory Alerts2013-06-26 | 123716Added · Updated
Regulation on the Procedure for Placement, Secondary Offering, Additional Placement, Reverse Repurchase and Settlement of Government Securities of the Cabinet of Ministers of the Kyrgyz Republic through the National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic establishes the procedures for conducting auctions and non-competitive transactions for Kyrgyz government securities, including treasury bills and bonds. The regulation defines eligibility criteria for direct participants, such as commercial banks and institutional investors, and sets specific requirements for bid submission, including minimum lot sizes, maximum volumes, and cutoff price mechanisms. It mandates that the Ministry of Finance issues the securities and approves auction results, while the National Bank manages the Automated Trading System and settlement processes, including penalties for failed payments.
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