February 17 the Ministry of finance of Kazakhstan to redeem ahead of schedule MEKKAM-6 of 114 and 115 issues to the sum of 6,590.1 million tenge

/IRBIS, Feb.16, 00/ - As an employee of the Ministry of Finance of Kazakhstan informed KASE, on Thursday the Ministry of finance will conduct advance settlement of MEKKAM-6 of 114 issue (KZ46L2206A02, trade code KASE MKM006.114, auction Dec.20, 99) and MEKKAM-6 of 115 issue (KZ46L2106A03, trade code KASE MKM006.115, auction Dec.22, 99). The actual MEKKAM -6 circulation term will make 59 and 56 days instead of nominal 182. Securities should be redeemed at the current market price providing to the investors yield not less than auction yield (16.52% p.a. at the average weighted price). Total settlement volume will make 6,590.1 million tenges. The IRBIS experts believe that the advance settlement will not affect the financial market of country essentially. All State Security payments of the Ministry of Finance in the current week, including advance payments, will make 8,022.6 million tenges.