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Investment attractiveness of debt instruments on KASE within April 20 - 26 of 2006
/IRBIS, Assel Omarova, April 27, 06/ - 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) within April 20 - 26 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
-------------- ----- ----- --------- ----------
UKPFb1 10.40 0 14.00 1.4
TSBNb2 10.11 +1.02 9.00 6.3
TEBNb4 10.00 -0.01 8.00 9.2
MREKb2 9.00 +0.79 13.00 4.3
KRZHb1 9.00 0 14.00 4.7
CSBNb6 8.55 -0.01 8.50 9.0
BTAIb1 8.51 +2.00 10.00 4.7
TSBNb3 8.44 +0.11 8.00 2.8
NRBNb4 8.25 +0.45 8.00 2.7
ATFBb4 8.25 +1.95 8.50 8.6
VTSKb2 8.00 0 10.00 5.5
TXBNb2 8.00 0 11.00 4.2
KASSb1 8.00 0 9.00 4.8
PRKRb2 8.00 +0.52 8.00 6.9
TEBNb5 7.99 +0.02 9.75 2.7
VTTHb1 7.93 0 10.00 6.5
ULBAb1 7.50 0 8.25 2.7
VTZLb1 7.32 0 10.00 7.5
HSBKb7 7.00 0 7.50 8.7
PRKRb1 7.00 0 8.00 3.1
ASBNb4 7.00 0 7.00 2.0
HSBKb3 6.80 0 9.00 3.2
ATFBb3 6.64 -1.36 8.50 2.6
Repo_CS* 6.57 +1.50 - 0.003-0.7
BTASb5 6.50 0 7.00 9.7
ASBNb5 6.50 0 7.00 2.4
ZIG_b1 6.10 0 8.50 0.5
HSBKb9 6.00 0 7.50 9.2
EUBNb1 6.00 0 6.50 2.6
CCBNb5 6.00 0 8.50 1.4
TXBNb1 6.00 0 15.00 0.4
KZIKb11 6.00 0 6.90 9.0
EUBNb2 6.00 +0.50 6.00 5.6
CCBNb12 5.80 -0.32 9.00 4.7
HSBKb5 5.50 -1.50 5.00 1.1
KKGBb3 5.14 +0.55 7.00 0.7
MEOKAM 3.01 +0.08 3.5-8.0 0.55-3.67
UKTCb1 3.00 0 9.00 0.5
MEKKAM, notes* 2.86 +0.57 - 0.003-0.2
KZIKb13 2.58 +0.08 0 0.1
Repo_GS* 1.43 +0.78 - 0.003-0.08
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Instruments indexed on inflation
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KATRb1 11.00 0 14.00 2.2
VTBNb3 9.63 -0.03 9.00 4.1
KIBNb1 9.50 0 9.50 6.6
ORNKb1 9.50 0 10.00 4.4
US_JPM_e1 9.15 - 9.157 9.8
VITAb4 9.12 -0.20 9.45 4.0
ASFIb5 9.10 -0.46 9.90 3.7
VTBNb4 9.05 +0.55 9.50 6.1
KKAGb1 9.00 -2.00 10.00 3.8
TXBNb3 9.00 0 9.90 5.5
TSSMb1 9.00 +0.05 10.00 5.0
ASBNb3 8.97 +0.47 10.30 5.5
NFBNb1 8.95 0 9.00 6.4
KZALb1 8.85 0 9.90 3.1
KZASb2 8.70 0 9.90 3.1
VTBNb2 8.60 -0.37 9.90 3.7
ASFIb7 8.50 0 9.00 9.2
BTASb4 8.40 +1.90 9.90 8.1
CSBNb4 8.30 0 9.00 5.1
CSBNb5 8.30 0 8.50 5.7
ATFBb5 8.19 +1.51 8.50 6.1
TEBNb6 8.00 +0.01 9.90 6.7
GLOTb1 8.00 -2.00 11.70 2.0
BTAIb4 8.00 -2.00 9.90 4.0
NRBNb3 7.75 0 8.30 1.2
BTAIb6 7.75 0 9.50 4.1
TSBNb1 7.57 -0.26 10.90 1.1
ASFIb4 7.50 0 10.40 5.1
BTAIb7 7.50 0 8.60 6.2
ASFIb6 7.50 -2.00 9.00 6.2
HSBKb11 7.46 - 7.75 10.0
BTLZb1 7.10 0 9.00 2.7
HSBKb4 7.00 0 9.60 4.2
CCBNb3 7.00 0 13.50 4.1
BTAIb5 6.90 0 8.90 9.0
HSBKb8 6.62 -0.08 9.40 9.0
CCBNb8 6.60 0 8.50 9.3
KZIKb6 6.60 +1.40 9.29 4.9
BTASb3 6.54 -0.96 9.90 7.5
BTAIb2 6.51 0 10.20 8.5
BTAIb8 6.50 -0.32 8.20 7.3
BTAIb9 6.50 -1.75 8.50 9.8
CCBNb6 6.50 0 9.40 8.7
HSBKb10 6.50 0 7.75 9.5
BTAIb3 6.30 0 8.50 5.6
CCBNb10 6.20 0 8.50 9.5
CCBNb4 6.00 0 10.00 5.4
KKGBb5 6.00 0 7.50 9.4
KZIKb3 6.00 0 9.90 7.9
KZIKb2 6.00 0 10.70 7.4
CCBNb11 6.00 0 9.00 9.7
CCBNb9 6.00 0 7.50 9.3
KKGBb4 6.00 0 7.50 8.9
CCBNb7 6.00 -1.38 7.00 9.1
KZIKb4 6.00 -0.90 9.40 7.9
KZIKb12 6.00 0 7.50 11.0
KARMb2 5.50 0 9.90 2.7
KZIKb7 5.00 0 9.00 5.4
KZIKb5 5.00 0 9.29 2.9
KZIKb10 4.50 0 5.69 3.9
KZIKb9 4.00 0 4.90 1.9
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Instruments
indexed on devaluation of tenge to US dollar
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ALKSb2 21.93 +8.98 10.00 0.2
TEBNb2 14.50 0 11.00 2.4
VTBNb1 9.90 -0.71 9.00 0.4
NRBNb2 9.50 +0.50 9.00 5.1
BTASb2 9.50 0 9.00 4.0
BTASb1 9.00 0 12.00 2.8
ATFBb2 8.25 +1.00 9.00 0.7
BRKZb1 8.04 +0.04 8.50 0.8
ASBNb1 8.00 0 9.00 3.7
AST048.006 7.80 0 8.50 1.2
HSBKb2 7.60 -1.04 8.00 1.1
HSBKb 7.33 +0.33 11.80 1.2
KKGBb2 7.25 0 8.00 3.6
AST048.005 6.50 0 8.50 0.5
KZAPb1 6.50 0 8.50 0.9
ART060.004 6.50 0 8.50 2.1
ARU060.003 4.00 -1.98 8.60 0.4
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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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KZNHb2 10.19 -0.01 10.00 3.8
PDESb1 9.00 0 9.00 4.7
ASFIb3 8.60 +0.60 7.00 2.6
CSBNb3 8.50 0 8.75 4.6
CSBNb2 8.10 0 9.50 4.1
TEBNb3 8.00 -0.09 9.00 6.5
ROSAb1 8.00 0 11.00 1.0
RGBRb3 7.50 0 10.00 1.8
MREKb1 7.50 0 13.00 1.0
ASBNb2 7.50 0 8.50 0.5
CCBNb2 7.00 0 10.00 2.9
CHFMb1 7.00 0 10.00 0.8
KZTCb1 6.80 0 8.00 4.3
KZPSb1 6.70 0 8.00 2.1
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Instruments
indexed on devaluation of tenge against US dollar
and inflation rate
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US_MER_e1 9.37 -1.87 9.157 14.7
JGOKb2 7.00 -1.00 8.00 7.0
-------------- ----- ----- --------- ----------
Non-indexed
instruments denominated in foreign currency
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BTASe3 7.02 +0.14 7.875 4.1
KKGBe5 6.88 0 7.875 8.0
RU_02_3003 6.54 -0.01 5.00 23.9
KKGBe4 6.51 0 8.500 7.0
BRKZe4 6.32 -0.02 6.000 19.9
ATFBe4 6.25 0 8.125 4.5
RU_01_2806 6.18 +0.02 12.75 22.2
BRKZe3 6.04 -0.03 6.500 14.1
KKGBe2 6.00 0 11.000 1.7
BRKZe2 5.70 0 7.375 7.6
KKGBe6 5.67 -0.03 7.000 3.5
HSBKe1 5.50 0 8.125 3.5
ATFBe2 5.50 0 8.875 3.5
ATFBe1 5.50 0 8.500 1.0
BTASe2 5.25 -0.07 10.000 1.1
IFI bonds 4.84 -0.01 4.38-5.50 6.4-7.6
BRKZe1 4.76 -0.13 7.125 1.5
KKGBe3 4.00 0 10.125 1.0
KZTOe1 0.33 +0.01 8.50 0.2
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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 strengthening to dollar is estimated at weighted average rate of the main session of KASE for the analyzed period at 46.7%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.
[2006-04-27]