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Actual yield in tenge of MEKAVM-6, #15 - 11.74% APR
/IRBIS, March 30, 00/ - On March 30 the Ministry of Finance of Kazakhstan should repay 15th issue of MEKAVM-6 (KZ46L3003A05) for USD5,263.2 th. which will equal to KZT746.3 mln at repayment exchange rate.
Weighted average yield of these bonds is settled at the auction at 9.05% APR in currency terms. Actual yield in tenge, calculated at exchange rate, equaled 11.74% APR.
Previous issue of MEKAVM-6 (#8, KZ46L0212996) was repaid on Dec.2,99. Actual yield in terms of tenge equaled 22.24% APR.
Issues of MEKAVM-6 #9-14 were cancelled by the emitter due to unacceptable terms of the dealers and their clients.