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/CORRECTED/ Investment attractiveness of debt instruments on KASE since March 30 till April 5 of 2006
/IRBIS, Aslan Juassov, April 6, 06, resent because of correction of US_MER_e1 position/ - Following is the table that allows to compare investment attractiveness of debt financial instruments, which were regularly traded or quoted on Kazakhstan stock exchange (KASE) in the period since March 30 till April 5 of 2006. Trends are given relative to previous week. Instruments are given in descending order within the groups, based upon their attractiveness.
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Yield, % APR
Financial ------------ Coupon, Duration,
instrument value trend % APR. years
------------- ----- ----- --------- ----------
Non-indexed instruments denominated in tenge
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UKPFb1 10.40 -0.10 14.00 1.4
TEBNb4 10.00 0 8.00 9.3
CSBNb6 9.25 0 8.50 9.1
TSBNb2 9.05 0 9.00 6.4
KRZHb1 9.00 0 14.00 4.7
TSBNb3 9.00 +0.72 8.00 2.9
MREKb2 8.21 -0.84 13.00 4.4
NRBNb4 8.20 0 8.00 2.7
PRKRb2 8.05 -0.01 8.00 7.0
KASSb1 8.00 0 9.00 4.9
TXBNb2 8.00 0 11.00 4.3
VTSKb2 8.00 0 10.00 5.6
TEBNb5 7.99 -0.01 9.75 2.7
VTTHb1 7.93 0 10.00 6.6
CCBNb12 7.91 +1.14 9.00 4.7
ATFBb3 7.64 -0.35 8.50 2.7
ULBAb1 7.50 0 8.25 2.7
VTZLb1 7.33 -0.01 10.00 7.6
PRKRb1 7.00 0 8.00 3.1
HSBKb7 7.00 0 7.50 8.8
ASBNb4 7.00 0 7.00 2.1
HSBKb5 6.93 -0.07 5.00 1.1
HSBKb3 6.80 -1.88 9.00 3.2
BTAIb1 6.51 +0.01 10.00 4.7
ASBNb5 6.50 0 7.00 2.4
BTASb5 6.50 -0.10 7.00 9.7
ATFBb4 6.30 -1.80 8.50 8.6
ZIG_b1 6.10 0 8.50 0.5
CS_Repo 6.10 -0.86 - 0.003-0.59
TXBNb1 6.00 0 15.00 0.4
HSBKb9 6.00 0 7.50 9.3
EUBNb1 6.00 0 6.50 2.6
CCBNb5 6.00 -0.59 8.50 1.5
KZIKb11 6.00 0 6.90 9.0
EUBNb2 5.50 0 6.00 5.7
KKGBb3 4.50 0 7.00 0.8
UKTCb1 3.00 -1.50 9.00 0.6
KZIKb13 2.50 0 0.00 0.1
MEKKAM, notes 1.45 -0.60 - 0.006-0.23
MEOKAM 1.03 -1.18 5.8 0.003
GS_Repo 0.45 +0.16 - 0.003-0.08
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Instruments indexed on inflation
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KATRb1 11.00 0 14.00 2.2
VITAb4 10.87 +1.65 9.95 4.1
GLOTb1 10.00 0 10.00 2.0
BTAIb4 9.74 +1.12 9.90 4.1
KZALb1 9.70 0 9.90 3.2
VTBNb3 9.50 -0.19 9.00 4.2
ORNKb1 9.50 0 10.00 4.5
CSBNb4 9.37 -0.08 9.00 5.2
TXBNb3 9.30 0 9.90 5.6
ASBNb3 9.20 +1.53 10.30 5.6
KKAGb1 9.00 -2.00 10.00 3.9
NFBNb1 8.95 0 9.00 6.5
VTBNb2 8.93 +0.01 9.90 3.7
KZASb2 8.70 0 9.90 3.2
BTAIb9 8.50 0 8.50 9.9
ASFIb7 8.50 0 9.00 9.2
VTBNb4 8.50 0 9.50 6.2
BTAIb2 8.50 +2.00 9.20 8.6
TSBNb1 8.30 -0.20 10.90 1.1
CSBNb5 8.30 0 8.50 5.8
CCBNb10 8.24 +1.04 8.50 9.5
CCBNb7 8.20 +2.20 7.00 9.2
NRBNb3 8.15 +0.22 8.30 1.2
BTAIb3 8.00 +1.70 8.50 5.7
TEBNb6 7.99 -0.01 9.90 6.7
BTAIb6 7.75 -0.33 9.50 4.2
BTASb4 7.70 +0.70 9.90 8.2
ASFIb6 7.50 -0.30 9.00 6.2
BTAIb7 7.50 0 8.60 6.3
ASFIb4 7.50 0 10.40 5.1
ASFIb5 7.50 0 9.90 3.8
BTAIb8 7.46 +0.01 8.20 7.4
KKGBb4 7.42 +1.27 7.50 9.0
KZIKb2 7.14 +1.14 10.70 7.5
BTLZb1 7.10 -1.36 9.00 2.7
CCBNb3 7.00 0 13.50 4.2
HSBKb4 7.00 -2.00 9.60 4.2
BTAIb5 6.90 -0.66 8.90 9.1
HSBKb8 6.60 0 7.50 9.0
CCBNb8 6.60 0 8.50 9.4
CCBNb6 6.50 0 9.40 8.7
HSBKb10 6.50 -1.25 7.75 9.6
BTASb3 6.50 -1.00 9.90 7.6
ATFBb5 6.34 +0.09 8.50 6.1
KZIKb12 6.00 -1.74 7.50 11.0
CCBNb11 6.00 0 9.00 9.7
KZIKb3 6.00 0 9.90 8.0
KZIKb4 6.00 0 9.40 8.0
KKGBb5 6.00 0 7.50 9.4
CCBNb4 6.00 -0.12 10.00 5.5
CCBNb9 6.00 0 7.50 9.4
KARMb2 5.50 0 9.90 2.7
KZIKb5 5.40 -0.60 9.29 3.0
KZIKb6 5.32 -0.18 9.29 5.0
KZIKb7 4.89 -1.61 9.00 5.5
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Instruments indexed on devaluation of tenge
to US dollar
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ALKSb2 14.62 +1.87 10.00 0.3
TEBNb2 14.50 0 11.00 2.5
VTBNb1 9.50 0 9.00 0.5
ASBNb1 9.25 +0.33 9.00 3.7
NRBNb2 9.00 +0.89 9.00 5.2
BTASb1 9.00 -0.22 12.00 2.9
BTASb2 9.00 0 9.00 4.1
KZAPb1 8.27 +0.27 8.50 1.0
AST048.006 7.80 0 8.50 1.2
HSBKb2 7.50 0 8.00 1.1
ATFBb2 7.25 0 9.00 0.8
KKGBb2 7.25 0 8.00 3.7
BRKZb1 7.10 0 8.50 0.9
HSBKb 7.00 0 11.80 1.2
AST048.005 7.00 -0.50 8.50 0.5
ART060.004 6.50 0 8.50 2.1
ARU060.003 4.57 +0.57 8.60 0.5
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Instruments indexed on devaluation of tenge to
US dollar with protection from strengthening
of tenge to dollar
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CHFMb1 9.45 +0.98 10.00 0.8
KZNHb2 9.40 +0.04 10.00 3.9
PDESb1 8.94 +0.04 9.00 4.7
CSBNb3 8.50 0 8.75 4.7
CSBNb2 8.10 0 9.50 4.2
TEBNb3 8.05 +0.02 9.00 6.6
ASFIb3 8.00 0 7.00 2.7
ROSAb1 8.00 0 11.00 1.0
RGBRb3 8.00 +0.50 10.00 1.8
MREKb1 7.50 0 13.00 1.0
ASBNb2 7.50 0 8.50 0.6
CCBNb2 7.00 0 10.00 3.0
KZTCb1 6.75 -0.05 8.00 4.3
KZPSb1 6.70 0 8.00 2.1
------------- ----- ----- --------- ----------
Instruments indexed on devaluation of tenge
against US dollar and inflation ra
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US_MER_e1 12.18 - 11.67 14.8
------------- ----- ----- --------- ----------
Non-indexed instruments denominated in
foreign currency
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KKGBe5 6.75 +0.21 7.88 8.0
BTASe3 6.75 -0.01 7.88 4.2
RU_02_3003 6.46 -0.05 5.00 24.0
KKGBe4 6.36 +0.16 8.50 7.0
ATFBe4 6.25 0 8.13 4.6
RU_01_2806 6.08 +0.07 12.75 22.2
BRKZe4 6.08 - 6.00 20.0
KKGBe2 6.00 0 11.00 1.7
BRKZe3 5.89 +0.11 6.50 14.2
KKGBe6 5.75 0 7.00 3.6
BRKZe2 5.51 +0.09 7.38 7.6
ATFBe1 5.50 0 8.50 1.1
ATFBe2 5.50 0 8.88 3.6
HSBKe1 5.50 0 8.13 3.5
BTASe2 5.47 -0.06 10.00 1.2
IFO bonds 4.63 +0.10 4.38-5.50 6.4-7.7
BRKZe1 4.46 +0.03 7.13 1.5
KKGBe3 4.00 0 10.13 1.1
KZTOe1 0.75 +0.16 8.50 0.3
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Yields of bonds in which deals were made are calculated as average of the deals. Yields of other bonds are calculated as average of sale quotations. On bonds with floating coupon forecasted yield is given, calculated by current coupon value. Term of instrument is shown with regard to the last date of the analyzed period (for bonds - till maturity, for repo instruments - till repo closing date).
Rate of tenge devaluation to dollar is estimated at weighted average rate of the main session of KASE for the analyzed period at 15.2% APR.
The yields shown here do not incorporate overhead expenses that are inevitable when conducting operations and fixing profits. Securities marked by an asterisk are the instruments with less than a year circulation term. Weighted average effective yields are given for them.
[2006-04-07]