Investment attractiveness of debt instruments on KASE within the period of January 17-23, 2008

/IRBIS, Valeriy Khegay, January 24, 08/ - Following is the table that allows comparing investment attractiveness of debt financial instruments, which were regularly traded or quoted on Kazakhstan stock exchange (KASE) within the period of January 17, 2008 - January 23, 2008. 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 ------------------------------------------------------------ ASBNb6 16.24 -2.76 8.50 1.2 MREKb2 16.00 0 13.00 2.6 TSBNb4 15.00 0 8.00 3.4 KZIKb11 14.00 0 6.90 7.2 ASBNb4 13.50 0 7.00 0.3 NRBNb4 13.50 0 8.00 0.9 RGBRb6 13.12 +4.12 8.00 6.7 aASFIb11 13.00 0 7.50 8.7 aASFIb8 13.00 0 6.00 3.3 aASFIb9 13.00 0 8.00 13.3 ASFIb11 13.00 0 7.50 8.7 ASFIb8 13.00 0 6.00 3.3 ASFIb9 13.00 0 8.00 13.3 RGBRb4 13.00 0 8.00 3.5 TSBNb2 13.00 0 9.00 4.5 KAZIb2 12.50 0 10.00 3.9 TSBNb3 12.50 0 8.00 1.0 MAG_b1 12.40 0 12.00 1.6 KKI_b1 12.02 +0.01 8.00 2.6 KIBNb3 12.01 -0.01 10.00 2.6 aBGSTb1 12.00 0 10.00 4.5 KRZHb1 12.00 0 14.00 2.9 NRBNb5 12.00 0 7.50 8.3 TEBNb4 12.00 0 8.00 7.5 TXBNb2 12.00 0 11.00 2.4 aMAG_b1 11.96 +0.05 12.00 1.6 ASBNb5 11.50 0 7.00 0.6 CSBNb6 11.25 +0.90 8.50 7.3 HSBKb3 11.04 +0.03 9.00 1.4 aHSBKb3 11.00 0 9.00 1.4 aTSASb1 11.00 0 9.00 3.9 BTAIb1 11.00 +3.90 10.00 2.9 CCBNb12 11.00 0 9.00 2.9 CCBNb16 11.00 0 8.00 2.3 KAZIb1 11.00 0 10.00 1.1 PRKRb2 11.00 0 8.00 5.1 TEBNb12 11.00 0 9.00 2.2 Repo CS* 10.77 +1.19 - 0-0.3 TSNAb1 10.70 0 9.00 1.4 ALLZb1 10.00 0 9.50 3.6 CCBNb18 10.00 -3.00 13.00 14.9 MEUKAM 9.90 - 5.50 8.4 CACMb1 9.80 0 9.00 3.5 ASFIb12 9.70 -0.36 7.80 11.2 EXBNb1 9.53 -0.01 9.00 5.8 aASFIb10 9.50 0 7.50 8.7 aHSBKb7 9.50 0 7.50 6.9 ASFIb10 9.50 0 7.50 8.7 ATFBb3 9.50 0 8.50 0.9 HSBKb7 9.50 0 7.50 6.9 KASSb1 9.50 0 9.00 3.1 TEBNb5 9.50 0 9.75 0.9 ATFBb4 9.12 -0.88 8.50 6.8 aEKTNb1 9.00 0 10.00 3.7 BTAIb10 9.00 0 7.00 1.3 CCBNb17 9.00 0 8.50 4.3 MREKb3 9.00 0 12.00 3.8 MREKb4 9.00 0 12.00 4.3 RGBRb5 9.00 0 8.00 4.7 TEBNb14 9.00 0 9.50 8.2 TEBNb9 9.00 0 9.75 1.4 aATFBb3 8.86 +0.16 8.50 0.9 ASBNb8 8.75 0 8.50 3.9 BTAIb15 8.70 0 8.00 0.4 aATFBb4 8.66 +0.34 8.50 6.8 ASBNb7 8.50 0 8.50 5.5 BTAIb13 8.50 0 7.00 8.9 BTASb5 8.50 +2.00 7.00 7.9 ULBAb1 8.30 0 8.25 0.9 EUBNb1 8.00 0 6.50 0.8 PRKRb1 7.99 0 8.00 1.3 aHSBKb9 7.72 0 7.50 7.5 HSBKb9 7.72 0 7.50 7.5 BTAIb12 7.50 0 7.00 8.5 TSBNb7 7.50 0 7.50 19.5 Repo GS* 7.38 +4.04 - 0.003-0.1 ASBNb9 7.00 0 8.00 2.1 BTASb7 7.00 0 7.00 28.5 EUBNb2 7.00 0 7.00 3.9 МЕККАМ, 7.00 +1.35 - 0.2-1.0 notes of National bank* МЕОКАМ 6.54 +0.97 6.10 2.0-4.0 KONDb1 5.03 +0.03 8.80 3.9 ------------------------------------------------------------ Instruments, indexed on inflation rate ------------------------------------------------------------ BTAIb4 16.00 - 11.00 2.3 ORNKb1 16.00 0 10.60 2.7 BTAIb6 15.50 0 10.00 2.4 BTAIb8 15.00 0 9.30 5.6 CCBNb3 15.00 0 21.00 2.4 VITAb4 15.00 0 11.15 2.2 VITAb5 14.76 -0.61 13.00 5.3 aASFIb4 14.50 0 11.90 3.3 aASFIb5 14.50 0 9.70 2.0 aASFIb6 14.50 0 12.50 4.4 ASBNb3 14.50 0 11.40 3.8 ASFIb4 14.50 0 11.90 3.3 ASFIb5 14.50 0 9.70 2.0 ASFIb6 14.50 0 12.50 4.4 BTASb4 14.35 +1.35 12.00 6.4 aASFIb7 14.00 +0.80 12.50 7.4 KZDKb1 14.00 0 9.50 2.1 KZIKb12 14.00 0 7.50 9.2 NFBNb1 14.00 0 10.80 4.7 aELDSb1 13.90 0 11.90 1.3 ASFIb7 13.87 +0.87 12.50 7.4 KZIKb6 13.57 +0.07 11.59 3.2 BTASb3 13.50 0 11.40 5.8 CCBNb6 13.50 0 12.00 6.9 KZIKb2 13.50 +0.10 12.00 5.7 ROSAb2 13.50 0 11.00 3.3 BTAIb2 13.00 -2.00 12.50 6.8 BTAIb3 13.00 0 14.00 3.9 CCBNb4 13.00 +1.50 10.60 3.7 CCBNb8 13.00 0 10.00 7.6 CCBNb9 13.00 0 9.80 7.6 KKAGb3 13.00 +1.50 9.40 5.6 KZIKb3 13.00 0 12.20 6.2 KZIKb5 13.00 -0.02 11.59 1.2 KZIKb7 13.00 0 11.30 3.7 TSSMb1 13.00 +1.00 11.30 3.2 ORDBb2 12.52 +0.01 11.00 3.8 KKAGb1 12.30 0 10.40 2.1 AGKKb1 12.00 +3.02 8.60 4.6 BTTRb1 12.00 +4.00 9.00 11.2 CCBNb7 12.00 0 10.00 7.4 DNTLb1 11.97 - 12.00 2.8 KIBNb1 11.50 0 11.00 4.9 DNBNb1 11.40 0 10.50 3.0 ATFBb5 11.35 -0.15 9.80 4.3 DNBNb2 11.30 0 11.00 3.2 ASAVb2 11.06 +0.01 9.50 2.3 aASAVb2 11.00 0 9.50 2.3 aHSBKb4 11.00 0 12.00 2.4 aKZIKb10 11.00 -1.00 5.69 2.1 CSBNb5 11.00 0 8.60 4.0 HSBKb12 11.00 0 11.00 9.7 HSBKb4 11.00 0 12.00 2.4 KDTSb1 11.00 0 9.50 4.2 TMLZb1 11.00 - 11.00 4.2 TSBNb5 11.00 0 10.00 6.4 aKZIKb9 10.50 +0.50 4.90 0.1 BTAIb14 10.50 0 8.50 6.2 CCBNb10 10.50 0 9.80 7.7 CSBNb4 10.50 0 10.80 3.4 KKGBb4 10.50 0 9.90 7.2 KKGBb6 10.50 0 7.50 9.6 TEBNb6 10.50 0 10.00 4.9 LOGCb1 10.30 0 9.50 2.6 KZIKb9 10.25 +0.31 4.90 0.1 KZIKb10 10.24 +0.34 5.69 2.1 aCCBNb14 10.00 0 9.80 8.7 aKZIKb8 10.00 0 11.30 6.7 BTAIb7 10.00 0 10.00 4.5 CCBNb11 10.00 0 10.00 7.9 GLOTb1 10.00 0 12.40 0.2 KASTb2 10.00 0 11.00 3.4 SATCb1 10.00 - 12.00 7.0 TSBNb6 10.00 0 10.00 7.9 aATFBb5 9.90 +0.40 9.80 4.3 aHSBKb8 9.70 0 9.60 7.2 BTLZb1 9.70 0 10.00 0.9 HSBKb8 9.70 0 9.60 7.2 ASAVb1 9.50 0 9.50 2.0 BTAIb11 9.50 0 6.20 8.5 CCBNb13 9.50 0 9.80 8.2 CCBNb14 9.50 0 9.80 8.7 CCBNb15 9.50 +0.02 9.00 9.3 EUBNb3 9.50 0 9.50 5.2 KZIKb8 9.50 0 11.30 6.7 EUBNb4 9.00 0 9.00 6.6 GLOTb2 9.00 0 10.00 4.2 KARMb2 9.00 0 11.20 0.9 KSMKb1 9.00 0 11.30 4.2 KSMKb2 9.00 -0.98 11.00 4.8 KZIKb16 9.00 0 7.50 9.0 TXBNb3 9.00 0 11.40 3.8 TEBNb7 8.90 0 9.70 7.4 KAFIb1 8.77 -0.23 8.71 3.9 KZASb2 8.70 0 12.00 1.4 TEBNb8 8.70 0 9.70 4.4 aATFBb6 8.50 0 8.50 6.1 aHSBKb11 8.50 0 6.00 8.2 ATFBb6 8.50 -0.46 8.50 6.1 DTJLb1 8.50 0 8.05 20.5 HSBKb11 8.50 0 6.00 8.2 KKAGb2 8.50 0 10.60 3.2 TEBNb11 8.50 0 9.00 13.9 aHSBKb10 8.20 0 6.00 7.8 aASFIb14 8.19 0 6.69 1.6 ASFIb14 8.19 0 6.69 1.6 aBTTRb1 8.00 0 9.00 11.2 KASTb1 8.00 0 11.00 3.3 TEBNb10 8.00 0 8.50 8.9 TEBNb17 8.00 0 8.50 9.2 BTAIb9 7.61 +0.11 8.50 8.1 KKGBb5 7.50 0 9.40 7.6 HSBKb10 7.20 0 6.00 7.8 FRMPb1 7.00 0 9.00 2.1 ------------------------------------------------------------ Instruments, indexed on change of tenge rate to USD ------------------------------------------------------------ ASBNb1 24.38 -2.02 9.00 1.9 KKGBb2 20.79 +0.56 8.00 1.9 TEBNb2 17.41 +0.18 11.00 0.6 BTASb2 16.74 +2.24 9.00 2.3 BTASb1 13.50 +3.20 12.00 1.1 NRBNb2 13.50 0 9.00 3.4 ART060.004 8.00 0 8.50 0.3 ------------------------------------------------------------ Instruments, indexed on change of tenge rate to euro ------------------------------------------------------------ aASFIb13 9.00 0 7.88 2.4 ASFIb13 9.00 0 7.88 2.4 ------------------------------------------------------------ Instruments, indexed on devaluation rate of tenge against USD with protection from strengthening of tenge against USD ------------------------------------------------------------ KZNHb2 14.00 0 10.00 2.1 TEBNb3 14.00 0 14.00 4.7 KZTCb1 13.26 0 8.00 2.5 aASFIb3 11.00 0 7.00 0.8 ASFIb3 11.00 0 7.00 0.8 CSBNb2 11.00 0 9.50 2.3 CSBNb3 10.00 0 8.75 2.9 PDESb1 9.70 0 9.00 2.9 TEBNb15 9.00 0 9.50 8.2 TEBNb13 8.54 0 9.00 4.2 TEBNb16 8.00 0 8.50 9.2 ------------------------------------------------------------ Instruments, indexed on devaluation rate of tenge against USD and on inflation rate ------------------------------------------------------------ JGOKb2 9.80 0 9.80 5.2 US_MER_e1 7.72 -0.13 8.40 13.0 ------------------------------------------------------------ Non-indexed instruments, denominated in foreign currencies ------------------------------------------------------------ BTASe3 12.26 -0.07 7.875 2.4 KKGBe4 11.90 +0.01 8.50 5.2 KKGBe5 11.81 -0.30 7.875 6.2 KKGBe6 11.43 +0.70 7.00 1.8 US_JPM_e1 10.35 +0.03 9.584 8.1 aATFBe5 8.70 +0.70 9.00 8.3 BRKZe4 8.38 +0.11 6.00 18.2 BRKZe3 8.33 +0.22 6.50 12.4 BRKZe2 8.32 0 7.375 5.8 aATFBe4 7.68 -0.24 8.125 2.8 HSBKe1 7.50 0 8.125 1.7 ATFBe4 6.70 0 8.125 2.8 aATFBe2 6.62 -0.03 8.875 1.8 ATFBe2 6.50 0 8.875 1.8 RU_02_3003 6.15 +0.01 5.00 22.2 RU_01_2806 4.81 0 12.75 20.4 IFO bonds 2.84 -0.14 4.38-5.50 4.6-5.8 ------------------------------------------------------------ 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 speed of tenge devaluation to US dollar according to the weighted average rate of the main session of KASE during the analyzed period is estimated at 10.6% 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. [2008-01-24]