Yield of MEKKAM-3 of 250th issue - 15.63% APR
25.11.99 00:00
/IRBIS, Nov.25, 99/ - On November 25 the Ministry of Finance of
Kazakhstan together with the National Bank held 250th auction for offering
MEKKAM-3 (91 days). Announced volume of issue is set by the emitter at
500 mln tenge. Size of satisfaction for incompetitive applications - 50% of
specified amount.
As the representative of the Ministry of Finance informed at KASE, weighted
average yield of the debt has been determined at an auction at 15.63% APR
with a maximum rate of 15.67% APR.