Investment attractiveness of debt instruments at KASE within the period of May 17-23, 2007

/IRBIS, Valeriy Khegay, May 24, 07/ - 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 the period of May 17-23, 2007. Trends are given relative to previous week. Instruments are given in descending order of earnings yield for a buyer within indicated groups. -------------------------------------------------------------- Yield, % APR. Financial ------------- Coupon, Term, instrument value trend % APR. years ------------------------ ------ ----- --------- ---------- Non-indexed instruments, denominated in tenge -------------------------------------------------------------- NRBNb4 13.39 +4.48 8.00 1.6 ORDKb1 11.99 -0.01 12.00 2.4 MAG_b1 11.70 0 12.00 2.3 aMAG_b1 11.68 -0.02 12.00 2.3 UKPFb1 11.50 0 14.00 0.3 CSBNb6 10.86 +1.41 8.50 8.0 KAZIb2 10.33 +0.03 10.00 4.5 KRZHb1 10.14 +3.14 14.00 3.6 TEBNb4 10.00 0 8.00 8.1 ASFIb9 10.00 +1.71 8.00 14.0 TSBNb2 10.00 0 9.00 5.2 aEKTNb1 9.99 -0.01 10.00 4.4 ASFIb12 9.88 -0.02 7.80 11.9 TSNAb1 9.70 0 9.00 2.1 ALLZb1 9.70 -0.80 9.50 4.3 ASBNb8 9.60 +1.10 8.50 4.6 EXBNb1 9.20 0 9.00 6.5 MREKb3 9.00 +2.00 12.00 4.5 KAZIb1 9.00 -2.00 10.00 1.7 Repo CS* 8.99 +1.49 - 0-0.5 NRBNb5 8.96 +0.87 7.50 9.0 TSBNb4 8.50 +1.55 8.00 4.1 ASBNb7 8.50 -0.17 8.50 6.2 TSBNb3 8.50 0 8.00 1.7 ASBNb4 8.50 -1.13 7.00 0.9 ATFBb4 8.20 +0.20 8.50 7.5 PRKRb1 8.01 - 8.00 2.0 TEBNb14 8.00 - 9.50 8.9 TEBNb12 8.00 - 9.00 2.9 MREKb2 8.00 0 13.00 3.3 aASFIb9 8.00 0 8.00 14.0 TEBNb9 8.00 -1.00 9.75 2.0 TXBNb2 8.00 -1.54 11.00 3.1 BTAIb1 8.00 0 10.00 3.6 TEBNb5 8.00 0 9.75 1.6 aATFBb4 7.96 0 8.50 7.5 ASBNb6 7.85 0 8.50 1.9 CACMb1 7.80 0 9.00 4.2 ASBNb5 7.80 -1.07 7.00 1.3 KASSb1 7.50 0 9.00 3.7 ASFIb10 7.50 0 7.50 9.4 aASFIb10 7.50 0 7.50 9.4 ASFIb11 7.50 0 7.50 9.4 aASFIb11 7.50 0 7.50 9.4 PRKRb2 7.35 +0.08 8.00 5.8 ULBAb1 7.29 -0.01 8.25 1.6 aTSASb1 7.19 -1.81 9.00 4.6 KONDb1 7.01 +0.01 8.80 4.6 BTASb7 7.00 0 7.00 29.1 AASNDb1 7.00 0 - 0.4 BTAIb10 7.00 0 7.00 2.0 HSBKb3 6.80 0 9.00 2.1 HSBKb7 6.75 0 7.50 7.6 ATFBb3 6.70 0 8.50 1.5 aATFBb3 6.68 -0.02 8.50 1.5 KZIKb15 6.58 +0.19 - 0.7 BTASb5 6.50 0 7.00 8.6 BTAIb13 6.50 0 7.00 9.6 МЕОКАМ 6.39 +3.31 3.35-6.68 0.8-3.4 aASFIb8 6.10 0 6.00 4.0 ASFIb8 6.10 0 6.00 4.0 KZIKb11 6.00 0 6.90 7.9 CCBNb5 6.00 0 8.50 0.3 RGBRb4 6.00 0 8.00 4.2 EUBNb1 6.00 0 6.50 1.5 HSBKb9 6.00 0 7.50 8.1 HSBKb5 6.00 0 5.00 - CCBNb12 5.80 0 9.00 3.6 BTAIb12 5.50 0 7.00 9.2 MEUKAM 5.50 -0.80 5.50 9.03 EUBNb2 5.50 0 6.00 4.6 Notes of National bank* 5.11 -0.68 - 0.003-0.3 Repo GS* 3.74 -0.78 - 0.003-0.08 -------------------------------------------------------------- Instruments, indexed on inflation rate -------------------------------------------------------------- KZDKb1 12.50 0 9.50 2.8 KKAGb1 11.80 +2.00 11.10 2.7 ORDBb2 11.55 0 11.00 4.5 KATRb1 11.50 -0.05 15.50 1.1 ASFIb5 11.10 +1.10 10.20 2.7 TMLZb1 11.00 0 11.00 4.9 ASFIb7 10.80 +1.80 10.50 8.1 NFBNb1 10.50 0 10.50 5.4 VITAb4 10.41 +0.26 10.15 2.9 KZALb1 10.30 -0.02 10.50 2.0 KKAGb3 10.02 +0.01 10.10 6.3 BTASb4 9.50 +0.29 10.50 7.1 aASFIb5 9.49 -0.01 10.20 2.7 KIBNb1 9.49 0 10.50 5.6 DNBNb2 9.30 0 10.30 3.9 ASFIb4 9.30 0 10.40 4.0 aASFIb4 9.29 -0.01 10.40 4.0 DNBNb1 9.29 0 10.50 3.6 aASFIb7 9.00 0 10.50 8.1 BTTRb1 9.00 +2.00 9.00 11.9 KDTSb1 9.00 0 9.50 4.9 BTASb3 8.92 -0.01 9.90 6.5 TSSMb1 8.91 -1.59 11.00 3.9 BTAIb4 8.80 0 9.70 3.0 KASTb2 8.72 +0.16 9.40 4.1 CSBNb4 8.60 0 9.60 4.0 EUBNb3 8.54 -0.96 9.50 5.9 ATFBb5 8.50 0 10.90 5.0 KAFIb1 8.50 +0.20 8.50 4.6 BTAIb8 8.50 0 9.00 6.3 aATFBb5 8.50 0 9.80 5.0 CCBNb9 8.36 +0.01 9.50 8.3 CSBNb5 8.30 0 9.40 4.7 BTAIb2 8.30 0 9.10 7.4 BTAIb5 8.30 +0.30 8.70 8.0 aATFBb6 8.20 0 8.50 6.8 ATFBb6 8.20 0 8.50 6.8 ORNKb1 8.16 -2.93 11.00 3.3 NRBNb3 8.15 +0.60 9.90 0.1 BTAIb3 8.10 0 9.40 4.6 ASBNb3 8.05 -2.45 9.80 4.4 TSBNb5 8.01 -1.99 9.20 7.1 ASFIb6 8.00 0 10.50 5.1 TSBNb6 8.00 -1.50 9.00 8.6 GLOTb2 8.00 -2.00 10.00 4.8 BTAIb7 8.00 0 9.40 5.1 TEBNb8 8.00 0 9.70 5.0 BTAIb6 8.00 0 10.00 3.1 TEBNb6 8.00 0 9.40 5.6 GLOTb1 8.00 0 10.90 0.9 TEBNb11 8.00 0 9.00 14.5 TEBNb7 8.00 0 9.70 8.0 aASFIb6 7.99 -0.01 10.50 5.1 BTLZb1 7.77 +0.03 10.00 1.6 VITAb5 7.60 -1.90 10.89 6.0 CCBNb8 7.50 0 10.00 8.2 ASAVb1 7.50 0 8.90 2.6 TEBNb10 7.50 0 8.50 9.5 BTAIb11 7.50 0 6.50 9.2 TSBNb1 7.50 -1.00 11.70 - ROSAb2 7.50 0 9.80 4.0 TEBNb17 7.50 - 8.50 9.9 KKAGb2 7.30 0 9.10 3.9 KKGBb4 7.24 +0.01 10.40 7.8 CCBNb7 7.10 0 9.50 8.0 CCBNb6 7.00 0 10.00 7.6 KASTb1 7.00 0 9.70 4.0 HSBKb4 7.00 0 10.60 3.1 DTJLb1 7.00 0 9.45 21.2 CCBNb3 7.00 -2.00 14.40 3.0 TXBNb3 7.00 0 9.90 4.4 KZIKb3 6.80 0 8.80 6.9 KZASb2 6.70 0 10.50 2.1 HSBKb8 6.60 0 9.10 7.9 KZIKb2 6.60 0 8.60 6.4 aCCBNb14 6.50 0 9.00 9.4 CCBNb14 6.50 -1.99 9.00 9.4 BTAIb9 6.50 0 8.50 8.8 CCBNb13 6.30 0 9.50 8.9 KZIKb6 6.20 0 8.19 3.9 CCBNb10 6.20 0 10.00 8.4 KZIKb5 6.10 0 8.19 1.9 KZIKb8 6.00 0 7.90 7.4 HSBKb11 6.00 0 7.20 8.9 CCBNb4 6.00 0 10.90 4.3 FRMPb1 6.00 0 8.90 2.8 CCBNb11 6.00 0 9.50 8.6 KZIKb12 5.97 0 7.50 9.9 KZIKb4 5.89 0 8.30 6.9 KZIKb7 5.88 0 7.90 4.4 HSBKb10 5.80 0 7.30 8.5 KARMb2 5.63 +0.13 10.50 1.6 KZIKb10 5.50 0 5.69 2.8 aKZIKb8 5.00 0 7.90 7.4 KKGBb5 5.00 0 7.50 8.3 KZIKb9 5.00 0 4.90 0.8 aKZIKb10 4.49 -0.01 5.69 2.8 aKZIKb9 3.98 -0.02 4.60 0.8 -------------------------------------------------------------- Instruments, indexed on devaluation rate of tenge against USD -------------------------------------------------------------- TEBNb2 14.00 0 11.00 1.3 NRBNb2 11.46 -0.47 9.00 4.1 KKGBb2 11.09 +0.14 8.00 2.5 HSBKb 11.00 0 11.80 0.1 BTASb1 9.71 +0.21 12.00 1.8 ART060.004 9.50 +2.00 8.50 1.0 BTASb2 9.42 +0.13 9.00 2.9 ASBNb1 8.00 -1.17 9.00 2.6 AST048.006 1.32 -0.38 8.50 0.1 -------------------------------------------------------------- Instruments, indexed on devaluation rate of tenge against USD with protection from strengthening of tenge against USD -------------------------------------------------------------- KZNHb2 11.20 +1.62 10.00 2.7 PDESb1 9.00 0 9.00 3.6 CSBNb3 8.50 0 8.75 3.5 CSBNb2 8.10 0 9.50 3.0 TEBNb13 8.07 - 9.00 4.9 TEBNb3 8.00 0 9.00 5.4 TEBNb15 8.00 - 9.50 8.9 TEBNb16 8.00 - 8.00 9.9 KZTCb1 7.50 0 8.00 3.2 RGBRb3 7.50 0 10.00 0.7 CCBNb2 7.00 0 10.00 1.9 aASFIb3 6.60 0 7.00 1.5 ASFIb3 6.60 0 7.00 1.5 KZPSb1 6.08 -0.04 8.00 1.0 -------------------------------------------------------------- Instruments, indexed on devaluation rate of tenge against USD and on inflation rate -------------------------------------------------------------- JGOKb2 8.00 0 9.50 5.9 US_MER_e1 6.85 +0.01 7.758 13.7 -------------------------------------------------------------- Non-indexed instruments, denominated in foreign currencies -------------------------------------------------------------- BTASe3 6.91 -0.09 7.875 3.0 KKGBe5 6.77 0 7.875 6.9 RU_02_3003 6.34 +0.02 5.00 22.9 ATFBe4 6.25 0 8.125 3.4 KKGBe4 6.24 -0.01 8.50 5.9 BRKZe4 6.17 +0.03 6.00 18.8 KKGBe2 6.00 0 11.00 0.6 aATFBe5 6.00 0 9.00 9.0 BRKZe3 5.95 +0.06 6.50 13.0 aATFBe4 5.91 -0.01 8.125 3.4 ATFBe2 5.50 0 8.875 2.5 HSBKe1 5.50 0 8.125 2.4 BRKZe2 5.26 +0.12 7.375 6.5 KKGBe6 5.24 -0.01 7.00 2.5 BRKZe1 4.83 -0.02 7.125 0.4 aATFBe2 4.64 -0.01 8.875 2.5 RU_01_2806 4.58 0 12.75 21.1 IFO bonds 3.44 +0.02 4.38-5.50 5.3 6.5 US_JPM_e1 3.03 +0.01 5.458 8.7 -------------------------------------------------------------- Yields of bonds on which deals were made are calculated as average of the deals, on the rest bonds - as average of the quotations of sale. 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). The rate of tenge strengthening to US dollar according to the average weighted rate of the main session of KASE during the analyzed period is estimated at 24.2% 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. [2007-05-24]