Yield of the MEIKAM-6 #1 second coupon is 21.40% p.a.

/IRBIS, Dec.07, 99/ - According to the established schedule on December 07, 1999 the Ministry of Finance of Kazakhstan should make the MEIKAM-6 of the first issue (KZ32L3011999, 182 days) second coupon payment. These securities are the state inflation indexed obligations. The redemption of the debt nominal value was conducted on Nov.30, 99. The МЕИКАМ-6 fixed coupon rate is 9.00% p.a. Inflation for the last three months, according to the National Bank of Kazakhstan, is 3.1% (September - 0.7%; October - 0.7%; November - 1.7%). Taking into account these data, a full coupon compensation at the issue volume of 750 million tenges has equaled to 40,125,000 tenge, that corresponds to an actual yield of 21.40% p.a. The first "floating" MEIKAM-6 #1 coupon had an actual yield of 31.40% p.a. and was paid by the emitter on Nov.07, 99.