The Mongolian Ministry of Finance announces weekly Tuesday auctions of government bonds, beginning Tuesday, August 9 and extending through the end of October. Weekly auctions will fund ₮300 billion of loans through Mongolia’s commercial banks to the cashmere industry (₮100 billion), wool industry (₮50 billion) and small- and medium-sized enterprises (₮150 billion). On Tuesday, August 9, at 1430 local time, the Ministry will accept bids through the Mongolian Stock Exchange for up to ₮25 billion of one-year bonds. Interest rates bid may not exceed eight percent (8%). Bonds will pay interest on May 15, 2012, and pay interest and mature on November 15, 2012. Prior to the bond auction on August 9, potential purchasers must pre-fund their expected bids. Pre-funding amounts should be deposited in the Securities Clearing House and Central Depository’s government bond auction account at the Bank of Mongolia. Subsequent weekly auctions on August 9, 16, 23 and 30 will offer bonds as shown below: Action Time period /year/ Amount (billions) Total Amount /₮/ Rate 8/9/2011 1 250,000.00 25,000,000,000.00 8.00% 8/16/2011 1 200,000.00 20,000,000,000.00 8.00% 2 50,000.00 5,000,000,000.00 9.00% 8/23/2011 1 150,000.00 15,000,000,000.00 8.00% 2 80,000.00 8,000,000,000.00 9.00% 3 20,000.00 2,000,000,000.00 10.00% 8/30/2011 1 140,000.00 14,000,000,000.00 8.00% 2 80,000.00 8,000,000,000.00 9.00% 3 20,000.00 2,000,000,000.00 10.00% 4 10,000.00 1,000,000,000.00 11.00% Total 100,000,000,000.00