Actual yield in tenge of MEKAVM, #7/6B - 38.28% APR; MEKAVM, 17/3B - 27.92% APR

24.11.99 00:00
/IRBIS, Nov.24, 99/ - On November 25 the Ministry of Finance of Kazakhstan should repay two issues of short term liabilities: - #7/6B, KZ46L2511999 at the sum of $2,655,000 or 366.9 mln tenge at repayment exchange rate; - #20/3В, KZ43L2511996 at the sum of 21,683,400 or 1,996.6 mln tenge at repayment exchange rate. Weighted average yield of MEKAVM-6, #7/6B is determined at an auction at 7.75% APR in currency terms. Actual yield in tenge, calculated at a real exchange rate, made 38.28% APR. Weighted average yield of MEKAVM-3, #20/3B is determined at an auction at 8.41% APR in currency terms. Actual yield in tenge, calculated at a real exchange rate, made 27.92% APR.