The Ministry of Finance of Kazakhstan plans to offer MEKKAM-12 and MEOKAM-24 on June 19, 20

16.06.00 00:00
/IRBIS, June 16, 00/ -The Ministry of Finance of Kazakhstan (MOF) has planned to conduct two issues of MEKKAM-12 and MEOKAM-24 on the first half of the next week. MEKKAM-12 offering auction (issue #54) will be held on June 19 with the payment made on June 22. Maturity date - June 21, 2001. Circulation term - 364 days. Planned issue volume - KZT300 mln. MEOKAM-24 offering auction (issue #10, KZ52L2006A21) will be held on June 20 with the payment made on June 22. Maturity date - Jun. 20, 2002. Circulation term - 728 days. Planned issue volume - KZT300 mln. Restriction for noncompetitive applications for these issues - 50%. Total repayment volume of domestic SS of MOF on the next week (June 19- 25) is estimated at KZT4,618.8 mln at KZT142.50 per dollar exchange rate. It includes KZT2,939.7 mln for MEKAVM-6 #27 (KZ46L2306A01, June 23, 2000) and the coupon of KZT1,679 mln for MEAKAM (KZ6AK3112A74, June 25, 2000). It should be noted that in view of specific character of MEAKAM on the domestic market, its coupon payments will not affect the conjuncture of the financial market. No repayments of NBK notes are anticipated on the next week. Nevertheless, considering prescheduled repayment of six MEKKAM-6 on June 22, the total weekly volume of domestic SS redemption could achieve KZT5,914.1 mln, of which KZT4,235.1 mln will clearly appear on the correspondent accounts of banks. MOF does not exclude a possibility of conduction of other SS offerings at the second half of the next week. The appropriate information will be given in this case.