The three-year bonds worth 12.5 billion tenge ($28.8 million) were auctioned at full issue price on the Kazakhstan Stock Exchange (KASE).

IMF projects 3.7 percent economic growth this year that will converge to its potential over the medium term.

TBC Bank reported a net profit of 610.5 million lari ($197 million) in the first nine months of this year from 221.8 million lari in the same period last year.

IMF projects 7.0 percent growth in 2021, underpinned by the global economic recovery, strong industrial activity, and domestic demand spurred on by public investment.