Investment attractiveness of debt instruments on KASE within the period of January 24 - 30, 2008

/IRBIS, Valeriy Khegay, January 31, 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 24, 2008 - January 30, 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 16.00 -0.24 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 RMXRb1 14.00 - 12.00 4.9 ASBNb4 13.50 0 7.00 0.2 NRBNb4 13.50 0 8.00 0.9 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 CCBNb18 13.00 +3.00 13.00 14.9 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 aBGSTb1 12.30 +0.30 10.00 4.5 aMAG_b1 12.16 +0.20 12.00 1.6 KKI_b1 12.04 +0.02 8.00 2.6 KIBNb3 12.01 0 10.00 2.5 KRZHb1 12.00 0 14.00 2.9 ORDKb1 12.00 - 12.00 1.7 TEBNb4 12.00 0 8.00 7.4 TXBNb2 12.00 0 11.00 2.4 aTSASb1 11.60 +0.60 9.00 3.9 aEKTNb1 11.50 +2.50 10.00 3.7 ASBNb5 11.50 0 7.00 0.6 HSBKb3 11.06 +0.02 9.00 1.4 BTAIb1 11.00 0 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 1.0 PRKRb2 11.00 0 8.00 5.1 TEBNb12 11.00 0 9.00 2.2 aHSBKb3 10.99 -0.01 9.00 1.4 TSNAb1 10.70 0 9.00 1.4 CSBNb6 10.35 -0.90 8.50 7.3 aATFBb4 10.00 +1.34 8.50 6.8 ALLZb1 10.00 0 9.50 3.6 ATFBb4 10.00 +0.88 8.50 6.8 CACMb1 9.80 0 9.00 3.5 ASFIb12 9.73 +0.03 7.80 11.2 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 0.8 EXBNb1 9.50 -0.03 9.00 5.8 HSBKb7 9.50 0 7.50 6.9 KASSb1 9.50 0 9.00 3.0 TEBNb5 9.50 0 9.75 0.9 aATFBb3 9.49 +0.63 8.50 0.8 Repo CS* 9.38 -1.39 - 0-0.8 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 RGBRb6 9.00 -4.12 8.00 6.7 TEBNb14 9.00 0 9.50 8.2 TEBNb9 9.00 0 9.75 1.3 ASBNb8 8.75 0 8.50 3.9 BTAIb15 8.70 0 8.00 0.3 ASBNb7 8.50 0 8.50 5.5 BTAIb13 8.50 0 7.00 8.9 BTASb5 8.50 0 7.00 7.9 ULBAb1 8.30 0 8.25 0.9 EUBNb1 8.00 0 6.50 0.8 PRKRb1 8.00 +0.01 8.00 1.3 aHSBKb9 7.72 0 7.50 7.4 HSBKb9 7.72 0 7.50 7.4 BTAIb12 7.50 0 7.00 8.5 TSBNb7 7.50 0 7.50 19.5 NRBNb5 7.05 -4.95 7.50 8.3 ASBNb9 7.00 0 8.00 2.1 BTASb7 7.00 0 7.00 28.4 EUBNb2 7.00 0 7.00 3.9 МЕОКАМ 6.56 +0.02 5.50-6.40 0.1-6.1 МЕККАМ, 5.94 -1.06 - 0.02-1.0 notes of National bank* KONDb1 4.57 -0.46 8.80 3.9 Repo GS* 2.04 -5.34 - 0-0.1 ----------------------------------------------------------- Instruments, indexed on inflation rate ----------------------------------------------------------- MEUJKAM 19.57 - 19.57 8.0 MUIKAM 19.41 - 19.27 5.4 BTAIb4 16.03 +0.03 11.00 2.3 ORNKb1 15.76 -0.24 10.60 2.6 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 15.00 +0.24 13.00 5.3 aASFIb6 14.80 +0.30 12.50 4.4 ASBNb3 14.50 0 11.40 3.8 ASFIb4 14.50 0 11.90 3.3 ASFIb5 14.50 0 12.50 2.0 ASFIb6 14.50 0 12.50 4.4 BTAIb2 14.50 +1.50 12.50 6.7 aASFIb5 14.49 -0.01 12.50 2.0 aASFIb4 14.47 -0.03 11.90 3.3 aASFIb7 14.00 0 12.50 7.4 ASFIb7 14.00 +0.13 12.50 7.4 BTASb4 14.00 -0.35 12.00 6.4 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 13.89 -0.01 11.90 1.3 aKZIKb9 13.60 +3.10 4.90 0.1 KZIKb6 13.51 -0.06 11.59 3.2 CCBNb6 13.50 0 12.00 6.9 KZIKb2 13.50 0 12.00 5.7 ROSAb2 13.50 0 11.00 3.3 aKZIKb10 13.00 +2.00 5.69 2.1 BTAIb3 13.00 0 14.00 3.9 BTASb3 13.00 -0.50 11.40 5.8 CCBNb8 13.00 0 10.00 7.6 CCBNb9 13.00 0 9.80 7.6 KKAGb3 13.00 0 9.40 5.6 KZIKb3 13.00 0 12.20 6.2 KZIKb5 13.00 0 11.59 1.2 KZIKb7 13.00 0 11.30 3.7 KZIKb10 12.90 +2.66 5.69 2.1 KZIKb9 12.90 +2.65 4.90 0.1 ORDBb2 12.50 -0.02 11.00 3.8 CCBNb4 12.30 -0.70 10.60 3.7 KKAGb1 12.30 0 10.40 2.1 TSSMb1 12.25 -0.75 11.30 3.2 CCBNb7 12.00 0 10.00 7.3 aATFBb5 11.50 +1.60 9.80 4.3 KIBNb1 11.50 0 11.00 4.9 DNBNb1 11.40 0 10.50 2.9 DNBNb2 11.30 0 11.00 3.2 ASAVb2 11.07 +0.01 9.50 2.3 ATFBb5 11.00 -0.35 9.80 4.3 CSBNb5 11.00 0 11.00 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 TSBNb5 11.00 0 10.00 6.4 aASAVb2 10.99 -0.01 9.50 2.3 aHSBKb4 10.99 -0.01 12.00 2.4 BTAIb14 10.50 0 8.50 6.2 CCBNb10 10.50 0 9.80 7.7 CSBNb4 10.50 0 10.80 3.3 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 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 0 12.00 6.9 TSBNb6 10.00 0 10.00 7.9 TXBNb3 10.00 +1.00 11.40 3.8 aHSBKb8 9.70 0 9.60 7.2 BTLZb1 9.70 0 10.00 0.9 HSBKb8 9.70 0 9.60 7.2 AGKKb1 9.67 -2.33 8.60 4.5 ASAVb1 9.50 0 9.50 1.9 BTAIb11 9.50 0 6.20 8.5 CCBNb13 9.50 0 9.80 8.2 CCBNb14 9.50 0 9.80 8.7 EUBNb3 9.50 0 9.50 5.2 KZIKb8 9.50 0 11.30 6.7 CCBNb15 9.48 -0.02 9.00 9.2 EUBNb4 9.00 0 9.00 6.6 GLOTb2 9.00 0 10.00 4.1 KAFIb1 9.00 +0.23 8.71 3.9 KARMb2 9.00 0 11.20 0.9 KSMKb1 9.00 0 11.30 4.1 KSMKb2 9.00 0 11.00 4.8 KZIKb16 9.00 0 7.50 9.0 TEBNb7 8.90 0 9.70 7.3 KZASb2 8.70 0 12.00 1.4 TEBNb8 8.70 0 9.70 4.3 aATFBb6 8.50 0 8.50 6.1 aHSBKb11 8.50 0 6.00 8.2 ATFBb6 8.50 0 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 13.8 aHSBKb10 8.20 0 6.00 7.8 ASFIb14 8.19 0 6.69 1.6 aASFIb14 8.18 -0.01 6.69 1.6 aBTTRb1 8.00 0 9.00 11.2 BTTRb1 8.00 -4.00 9.00 11.2 KASTb1 8.00 0 11.00 3.3 TEBNb10 8.00 0 8.50 8.8 TEBNb17 8.00 0 8.50 9.2 BTAIb9 7.50 -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 ----------------------------------------------------------- KKGBb2 20.97 +0.18 8.00 1.8 ASBNb1 19.07 -5.31 9.00 1.9 TEBNb2 17.62 +0.21 11.00 0.6 BTASb2 16.94 +0.20 9.00 2.2 BTASb1 13.50 0 12.00 1.1 NRBNb2 8.99 -4.51 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 8.84 -0.16 7.88 2.4 ----------------------------------------------------------- Instruments, indexed on devaluation rate of tenge against USD with protection from strengthening of tenge against USD ----------------------------------------------------------- KZNHb2 15.00 +1.00 10.00 2.1 TEBNb3 14.00 0 14.00 4.7 KZTCb1 13.26 0 8.00 2.5 ASFIb3 11.00 0 7.00 0.8 aASFIb3 10.99 -0.01 7.00 0.8 CSBNb2 10.85 -0.15 9.50 2.3 CSBNb3 9.80 -0.20 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 7.74 +0.02 8.40 13.0 ----------------------------------------------------------- Non-indexed instruments, denominated in foreign currencies ----------------------------------------------------------- KKGBe4 11.91 +0.01 8.50 5.2 BTASe3 11.87 -0.39 7.875 2.3 KKGBe5 11.82 +0.01 7.875 6.2 aATFBe5 11.50 +2.80 9.00 8.3 KKGBe6 10.99 -0.44 7.00 1.8 US_JPM_e1 10.39 +0.04 9.584 8.0 BRKZe4 8.38 0 6.00 18.2 BRKZe3 8.34 +0.01 6.50 12.4 BRKZe2 8.32 0 7.375 5.8 HSBKe1 7.50 0 8.125 1.7 aATFBe4 6.70 -0.98 8.125 2.7 ATFBe4 6.70 0 8.125 2.7 ATFBe2 6.50 0 8.875 1.8 aATFBe2 6.49 -0.13 8.875 1.8 RU_02_3003 6.16 +0.01 5.00 22.2 RU_01_2806 4.81 0 12.75 20.4 IFO bonds 2.30 -0.54 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). Judging by average weighted rate of KASE's main session, the cost of US dollar in Kazakhstan did not change for analyzed period. 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. [2008-01-31]