/KASE, February 1, 10/ - Kazakhstan Stock Exchange (KASE) Risk Committee
excluded from February 1, 2010 from KASE_BY, KASE_BP and KASE_BC
indices representative list the following debt securities:
- bonds KZ2P0Y03C772 (KSM2b1; KZT100, KZT1.5 bn; January 3, 08 -
January 3, 11, the annual coupon 12.00 % APR; 30/360) of Combine for
construction materials and structures-2 (Almaty Region);
- indexed at KZT to USD devaluation rate bonds KZ2CKY05B273 (KZT1,
KZT4.0 bn; February 18, 05 - February 18, 10, the semi-annual coupon
10.00 % APR; 30/360) of Kazneftehim (Almaty).
This decision was made as mentioned bonds were de-listed on KASE.
From February 1, 2010, when calculating the index KASE_BP KASE will be used
the adjustment coefficient (К), equal to 1.0008194, when calculating KASE_BC
- 0.9984586, KASE_BY - 0.9577149. Till the mentioned date К for KASE_BP
equaled 1.0009212, KASE_BC - 0.9985762 and 0.8185967 for KASE_BY
accordingly.
KASE_BY - corporate bond yield index.
KASE_BC - corporate bond price index calculated according to the prices without
account to accrued (accrued, not paid) interest thereon (by "net" prices).
KASE_BP - corporate bond price index calculated with account to all accrued
interest thereon, including that not paid.
All indicated indices are calculated by KASE once a day according to results of
trades in corporate bonds.
Unit weight of each denomination of bond in value of indicators is limited to
fifteen percent. At that, only volume of outstanding and not redeemed bonds in
accordance with documents available at KASE shall be accounted. The limitation
is made through the restrictive coefficient.
Previously KASE published the news of January 5, 2010 "Bonds KZPC1Y03C348
(ASAVb1) of ASIA AVTO (Kazakhstan) are excluded from KASE official list due to
circulation period termination" at
http://www.kase.kz/en/news/show/1092444
The methodology of calculation of indices is regulated by the KASE internal
document "Methodology of Calculation of Stock Market Indicators" at
http://www.kase.kz/files/normative_base/indicators_met_eng.pdf
[2010-02-01]