Full actual maturity yield of MEIKAM-3 of the fifth issue - 34.15% APR

/IRBIS, Feb.4, 00/ - Based on the schedule, on February 7, 2000 the Ministry of finance of Kazakhstan should make a coupon payment on indexed by inflation state treasury bills MEIKAM-3 of the fifth issue (KZ31L3101A03, 91 days). Nominal amount of this debt was repaid on January 31, 2000. Fixed coupon rate of MEIKAM-3 #5 - 9.75% APR. Inflation in last three months, according to the data of the National Bank of Kazakhstan - 6.1% (November - 1.7%; December - 1.7%; January - 2.6%). Considering these data, total coupon reaches KZT8,537,500.00, which corresponds to actual yield of 34.15% APR when the issue volume is KZT100 mln. This figure was obtained by using 91 day circulation term. If the actual number of days that passed from the issue date till the coupon payment date (97) was used, yield equals 32.04% APR.