Actual yield in tenge of MEKAVM, #4/6B - 52.33% APR; MEKAVM, 17/3B - 33.99% APR

04.11.99 00:00
/IRBIS, Nov.04, 99/ - On November 4 the Ministry of Finance of Kazakhstan should repay two issues of short term liabilities: - #4/6B, KZ46L0411994 for 1,357.9 thousand USD, or 190.6 mln tenge at repayment exchange rate; - #17/3В, KZ43L0411996 for 3,185.9 thousand USD, or 447.3 mln tenge at repayment exchange rate. Weighted average yield of MEKAVM-6, #4/6B is determined at an auction at 7.58% APR in currency terms. Actual yield in tenge, calculated at a real exchange rate, made 52.33% APR. Weighted average yield of MEKAVM-3, #17/3B is determined at an auction at 8.33% APR in currency terms. Actual yield in tenge, calculated at a real exchange rate, made 33.99% APR.