Investment attractiveness of debt instruments on KASE within May 18 - 24 of 2006

/IRBIS, Aslan Juassov, May 25, 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 May 18-24 of 2006. Trends are given relative to previous week. Instruments are given in descending order within the groups, based upon their attractiveness. ------------------------------------------------- Yield, % APR Financial ------------ Coupon, Duration, instrument value trend % APR years ------------- ----- ----- --------- --------- Non-indexed instruments denominated in tenge ------------------------------------------------- TEBNb4 10.01 0 8.00 9.1 UKPFb1 10.00 -0.21 14.00 1.3 TSBNb2 9.50 -0.14 9.00 6.2 TSBNb3 9.50 0 8.00 2.7 ASFIb9 9.50 +1.40 8.00 15.0 KRZHb1 9.00 0 14.00 4.6 CSBNb6 8.55 +0.29 8.50 9.0 ASBNb4 8.50 +1.50 7.00 1.9 NRBNb5 8.50 - 7.50 10.0 VTZLb1 8.26 -1.22 10.00 7.4 MREKb2 8.22 0 13.00 4.3 NRBNb4 8.10 +0.14 8.00 2.6 ZIG_b1 8.00 +1.92 8.50 0.4 TXBNb2 8.00 0 11.00 4.1 ATFBb3 8.00 +1.90 8.50 2.5 VTSKb2 8.00 -1.55 10.00 5.4 KASSb1 8.00 -1.00 9.00 4.7 TEBNb5 7.97 -0.01 9.75 2.6 VTTHb1 7.93 -1.60 10.00 6.5 ULBAb1 7.50 0 8.25 2.6 PRKRb2 7.41 -0.59 8.00 6.8 HSBKb7 7.19 -0.06 7.50 8.6 PRKRb1 7.00 -0.49 8.00 2.0 HSBKb3 6.80 -0.91 9.00 3.1 BTAIb1 6.51 0 10.00 4.6 ASBNb5 6.50 0 7.00 2.3 BTASb5 6.50 0 7.00 9.6 ATFBb4 6.30 -1.99 8.50 8.5 ASFIb8 6.10 0 6.00 5.0 HSBKb9 6.00 -1.75 7.50 9.1 EUBNb1 6.00 0 6.50 2.5 KZIKb11 6.00 0 6.90 8.9 TXBNb1 6.00 0 15.00 0.3 CCBNb5 6.00 0 8.50 1.3 CCBNb12 5.80 0 9.00 4.6 EUBNb2 5.50 -0.50 6.00 5.6 HSBKb5 5.50 0 5.00 1.0 KKGBb3 5.00 -2.00 7.00 0.7 CS_repo 4.83 -2.01 - 0.003-1.0 МЕОКАМ 3.12 -0.07 5.60-6.10 0.2-4.4 UKTCb1 3.00 0 9.00 0.4 МЕККАМ, notes 2.58 +0.04 - 0.01-0.10 GS_repo 0.77 +0.29 - 0.003-0.1 ------------------------------------------------- Instruments indexed on inflation ------------------------------------------------- ASFIb4 10.79 +0.79 11.20 4.0 VTBNb3 10.11 -0.37 9.00 4.0 KATRb1 10.00 0 14.00 2.1 KIBNb1 9.50 -1.75 9.50 6.6 ORNKb1 9.50 0 10.00 4.3 VITAb5 9.49 - 10.00 7.0 ASFIb7 9.35 -0.43 9.00 9.1 ASFIb5 9.10 -0.91 9.90 3.7 CSBNb4 9.06 +0.76 9.00 5.0 BTAIb6 9.00 +1.25 9.50 4.1 KKAGb1 9.00 0 10.00 3.7 VTBNb2 8.99 +0.59 9.90 3.6 TSSMb1 8.95 -0.17 10.00 4.9 KZALb1 8.85 0 9.90 3.0 VITAb4 8.80 0 9.45 3.9 TXBNb3 8.80 0 10.70 5.4 BTASb4 8.51 +1.94 9.90 8.1 VTBNb4 8.50 0 9.50 6.0 NFBNb1 8.50 0 9.00 6.4 CCBNb13 8.30 +1.00 9.00 10.0 CSBNb5 8.30 0 8.50 5.7 US_JPM_e1 8.26 +0.78 10.62 9.7 ATFBb5 8.24 +1.99 10.90 6.0 BTAIb4 8.06 -0.03 10.90 4.0 GLOTb1 8.00 0 11.70 1.9 TEBNb6 7.99 0 9.90 6.6 CCBNb7 7.90 +0.67 7.00 9.0 NRBNb3 7.75 0 8.30 1.1 BTAIb7 7.50 0 8.60 6.1 TSBNb1 7.50 -0.39 11.70 1.0 ASFIb6 7.50 0 9.00 6.1 ASBNb3 7.33 -0.90 10.90 5.4 KZIKb4 7.30 +1.13 9.40 7.9 BTLZb1 7.10 0 9.00 2.6 HSBKb4 7.00 0 9.60 4.1 CCBNb3 7.00 0 13.50 4.0 BTAIb5 6.90 0 9.90 9.0 KZASb2 6.70 -1.20 9.90 3.1 HSBKb8 6.60 -1.46 9.40 8.9 CCBNb8 6.60 0 8.50 9.2 CCBNb6 6.50 0 9.40 8.6 BTAIb8 6.50 -1.84 8.20 7.3 BTAIb2 6.50 0 10.20 8.4 BTAIb9 6.50 0 8.50 9.8 BTAIb3 6.30 0 8.50 5.6 CCBNb10 6.20 -0.94 8.50 9.4 HSBKb11 6.17 +0.17 7.75 9.9 KZIKb12 6.14 -0.66 7.50 10.9 KKGBb4 6.00 0 7.50 8.8 KZIKb3 6.00 0 9.90 7.9 CCBNb9 6.00 0 7.50 9.2 CCBNb4 6.00 0 10.00 5.3 KKGBb5 6.00 0 7.50 9.3 KZIKb2 6.00 0 10.70 7.4 BTASb3 6.00 -0.31 10.70 7.5 CCBNb11 6.00 -0.94 9.0 9.6 HSBKb10 5.80 0 6.10 9.5 KARMb2 5.50 0 9.90 2.6 KZIKb6 5.20 0 9.29 4.9 KZIKb7 5.00 0 9.00 5.4 KZIKb5 5.00 0 9.29 2.9 KZIKb10 4.50 0 5.69 3.8 KZIKb9 4.00 0 4.90 1.8 ------------------------------------------------- Instruments indexed on devaluation of tenge to US dollar ------------------------------------------------- ALKSb2 15.61 +0.01 10.00 0.2 TEBNb2 14.50 -1.04 11.00 2.3 BTASb1 9.50 +0.28 12.00 2.8 BTASb2 9.50 0 9.00 3.9 VTBNb1 9.50 0 9.00 0.4 NRBNb2 9.30 0 9.00 5.1 ASBNb1 9.10 +0.10 9.00 3.6 ATFBb2 8.50 +0.50 9.00 0.6 HSBKb2 8.31 +0.81 8.00 1.0 AST048.006 7.80 0 8.50 1.1 HSBKb 7.50 -1.05 11.80 1.1 KKGBb2 7.25 0 8.00 3.5 BRKZb1 6.55 -0.05 8.50 0.7 KZAPb1 6.50 0 8.50 0.9 ART060.004 6.50 0 8.50 1.0 AST048.005 5.72 -0.27 8.50 0.4 ARU060.003 4.75 +0.75 8.60 0.3 ------------------------------------------------- Instruments indexed on devaluation of tenge to US dollar with protection from strengthening of tenge to dollar ------------------------------------------------- KZNHb2 9.17 -1.33 10.00 3.7 PDESb1 9.00 0 9.00 4.6 KZPSb1 8.83 +2.13 8.00 2.0 CSBNb3 8.50 0 8.75 4.5 CSBNb2 8.10 0 9.50 4.0 ROSAb1 8.00 0 11.00 0.9 RGBRb3 8.00 +0.50 10.00 1.7 TEBNb3 7.99 -0.01 9.00 6.4 MREKb1 7.50 0 13.00 0.9 ASBNb2 7.50 0 8.50 0.4 CCBNb2 7.00 0 10.00 2.9 CHFMb1 7.00 0 10.00 0.7 KZTCb1 6.80 0 8.00 4.2 ASFIb3 6.60 -0.84 7.00 2.5 ------------------------------------------------- Instruments indexed on devaluation of tenge against US dollar and inflation rate ------------------------------------------------- US_MER_e1 8.73 +0.04 9.05 14.7 JGOKb2 7.00 0 8.00 6.9 ------------- ----- ----- --------- --------- Non-indexed instruments denominated in foreign currency ------------------------------------------------- BTASe3 6.94 -0.05 7.88 4.0 KKGBe5 6.87 -0.01 7.88 7.9 RU_02_3003 6.71 +0.04 5.00 23.9 KKGBe4 6.50 0 8.50 6.9 RU_01_2806 6.49 +0.05 12.75 22.1 BRKZe4 6.44 +0.05 6.00 19.8 ATFBe4 6.25 0 8.13 4.4 BRKZe3 6.19 +0.03 6.50 14.0 KKGBe2 6.00 0 11.00 1.6 BRKZe2 5.80 +0.01 7.38 7.5 KKGBe6 5.70 -0.01 7.00 3.5 HSBKe1 5.50 0 8.12 3.4 ATFBe1 5.50 0 8.50 1.0 ATFBe2 5.50 0 8.88 3.5 MFO bonds 4.92 -0.05 4.38-5.50 6.3-7.5 BRKZe1 4.81 +0.07 7.13 1.4 BTASe2 4.71 -0.09 10.00 1.0 KKGBe3 4.00 0 10.13 1.0 KZTOe1 2.85 +2.37 8.50 0.1 ENU07.05 0.00 -5.00 11.13 1.0 ------------------------------------------------- Yield of bonds on which deals were made is calculated in the table as average of the deals, on other bonds as average on sales 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). Devaluation rate of tenge to dollar is estimated at weighted average rate of the main session of KASE for the analyzed period at 26.9% 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. [2006-05-25]