Investment attractiveness of debt instruments on KASE within the period of February 21 - February 27, 2008

/IRBIS, Valeriy Khegay, February 28, 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 February 21, 2008 - February 27, 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 19.00 +1.50 8.50 1.1 MREKb2 16.00 0 13.00 2.5 RESCb1 16.00 - 12.00 1.8 TSBNb4 16.00 0 8.00 3.3 aEKTNb1 14.00 0 10.00 3.6 KZIKb11 14.00 0 6.90 7.1 MREKb5 13.69 +0.01 16.00 5.0 ASBNb4 13.50 0 7.00 0.2 NRBNb4 13.50 0 8.00 0.8 ORDKb1 13.33 - 12.00 1.7 aASFIb8 13.00 0 6.00 3.2 aASFIb9 13.00 0 8.00 13.2 ASFIb8 13.00 0 6.00 3.2 ASFIb9 13.00 0 8.00 13.2 RGBRb4 13.00 0 8.00 3.4 TSBNb2 13.00 0 9.00 4.5 MAG_b1 12.93 -0.58 12.00 1.5 aBGSTb1 12.50 0 10.00 4.4 KAZIb2 12.50 0 10.00 3.8 TSBNb3 12.50 0 8.00 1.0 aMAG_b1 12.40 -0.31 12.00 1.5 KIBNb3 12.01 -0.01 10.00 2.5 aTSASb1 12.00 0 9.00 3.8 KKI_b1 12.00 -0.09 8.00 2.5 KRZHb1 12.00 0 14.00 2.8 NRBNb5 12.00 0 7.50 8.2 TEBNb4 12.00 0 8.00 7.4 CACMb1 11.97 +1.27 9.00 3.4 RGBRb6 11.52 0 8.00 6.6 RGBRb5 11.51 +0.01 8.00 4.6 ASBNb5 11.50 0 7.00 0.5 BTAIb1 11.50 0 10.00 2.8 TXBNb2 11.50 -0.50 11.00 2.4 CSBNb6 11.25 +0.80 8.50 7.2 aATFBb4 11.00 0 8.50 6.7 aHSBKb3 11.00 0 9.00 1.3 CCBNb12 11.00 0 9.00 2.8 HSBKb3 11.00 0 9.00 1.3 KAZIb1 11.00 0 10.00 1.0 PRKRb2 11.00 0 8.00 5.0 TEBNb12 11.00 0 9.00 2.1 TSNAb1 10.70 0 9.00 1.3 aATFBb3 10.50 0 8.50 0.8 ATFBb4 10.40 +0.03 8.50 6.7 ALLZb1 10.00 0 9.50 3.5 ATFBb3 10.00 +0.16 8.50 0.8 ZERDb1 10.00 0 10.00 4.8 ASBNb10 9.75 0 9.75 6.7 ASFIb12 9.70 0 7.80 11.1 aASFIb10 9.50 0 7.50 8.6 aASFIb11 9.50 -3.50 7.50 8.6 aHSBKb7 9.50 0 7.50 6.8 ASFIb10 9.50 -4.50 7.50 8.6 ASFIb11 9.50 -3.50 7.50 8.6 CCBNb16 9.50 0 8.00 2.2 CCBNb18 9.50 0 13.00 14.8 EXBNb1 9.50 0 9.00 5.7 HSBKb7 9.50 +0.24 7.50 6.8 KASSb1 9.50 0 9.00 3.0 TEBNb5 9.50 0 9.75 0.8 Repo CS* 9.16 +0.10 - 0-0.5 BTAIb10 9.00 0 7.00 1.2 CCBNb17 9.00 -0.10 8.50 4.2 MREKb3 9.00 0 12.00 3.7 MREKb4 9.00 0 12.00 4.2 TEBNb14 9.00 0 9.50 8.1 TEBNb9 9.00 0 9.75 1.3 ASBNb8 8.75 0 8.50 3.8 BTAIb15 8.70 0 8.00 0.3 ASBNb7 8.50 0 8.50 5.4 BTAIb13 8.50 0 7.00 8.8 BTASb5 8.50 0 7.00 7.8 ULBAb1 8.30 0 8.25 0.8 EUBNb1 8.00 0 6.50 0.7 PRKRb1 8.00 0 8.00 1.2 aHSBKb9 7.72 0 7.50 7.4 HSBKb9 7.72 0 7.50 7.4 МЕОКАМ 7.65 +0.16 6.00-8.50 0.006-2.0 BTAIb12 7.50 0 7.00 8.4 TSBNb7 7.50 0 7.50 19.4 ASBNb9 7.00 0 8.00 2.0 BTASb7 7.00 0 7.00 28.4 EUBNb2 7.00 0 7.00 3.8 МЕККАМ, 6.65 -1.28 - 0.04-1.0 Notes of National Bank* NRBNb6 6.37 -0.01 14.00 6.9 KONDb1 4.42 -0.03 8.80 3.8 Repo GS* 3.42 -0.07 - 0.003-0.1 ------------------------------------------------------------ Instruments, indexed on inflation rate ------------------------------------------------------------ MUIKAM 19.17 -0.39 19.27 6.0 ORNKb1 17.75 0 10.60 2.6 KKAGb3 16.30 +3.80 12.00 5.5 aASFIb4 16.00 +0.20 11.90 3.2 ASFIb4 16.00 +0.25 11.90 3.2 BTAIb4 16.00 0 11.00 2.2 BTAIb5 16.00 - 10.00 7.2 CCBNb7 16.00 +2.00 10.00 7.3 BTAIb6 15.50 0 10.00 2.3 KKAGb1 15.50 +0.94 13.00 2.0 aASFIb6 15.00 0 12.50 4.3 ASFIb6 15.00 0 12.50 4.3 BTAIb2 15.00 +0.50 12.50 6.7 BTAIb8 15.00 0 10.00 5.5 BTASb4 15.00 +0.63 12.00 6.3 CCBNb3 15.00 0 21.00 2.3 VITAb4 15.00 0 11.15 2.2 VITAb5 15.00 0 13.00 5.2 aASFIb5 14.50 0 12.50 1.9 ASBNb3 14.50 0 11.40 3.7 ASFIb5 14.50 0 12.50 1.9 aASFIb7 14.00 0 12.50 7.3 aKZIKb9 14.00 0 4.90 0.01 BTAIb3 14.00 +1.00 14.00 3.8 KZDKb1 14.00 0 9.50 2.0 KZIKb12 14.00 0 7.50 9.1 NFBNb1 14.00 0 10.80 4.6 ASFIb7 13.94 -0.06 12.50 7.3 aELDSb1 13.90 0 11.90 1.2 BTASb3 13.50 0 11.40 5.7 CCBNb6 13.50 0 12.00 6.8 KZIKb2 13.50 0 12.00 5.6 KZIKb6 13.50 0 11.59 3.1 ROSAb2 13.50 0 11.00 3.2 ASELb1 13.02 - 13.00 2.1 CCBNb4 13.00 0 10.60 3.6 CCBNb8 13.00 0 10.00 7.5 CCBNb9 13.00 0 10.00 7.5 KZIKb3 13.00 0 12.20 6.1 KZIKb4 13.00 0 11.70 6.1 KZIKb5 13.00 0 11.59 1.1 KZIKb7 13.00 0 11.30 3.6 aKZIKb10 12.96 -0.04 5.69 2.0 ORDBb2 12.55 +0.03 11.00 3.7 TSSMb1 12.50 0 11.30 3.1 DNTLb1 11.97 - 12.00 2.7 aATFBb5 11.50 0 9.80 4.2 ATFBb5 11.50 0 9.80 4.2 KIBNb1 11.50 0 11.00 4.8 DNBNb1 11.40 0 10.50 2.9 TMLZb1 11.32 - 11.00 4.1 DNBNb2 11.30 0 11.00 3.1 ASAVb2 11.02 +0.01 9.50 2.2 aASAVb2 11.00 0 9.50 2.2 aHSBKb4 11.00 0 12.00 2.3 CSBNb5 11.00 0 11.00 3.9 HSBKb12 11.00 0 11.00 9.6 HSBKb4 11.00 0 12.00 2.3 KDTSb1 11.00 0 9.50 4.1 TSBNb5 11.00 0 10.00 6.3 TXBNb3 11.00 -0.11 11.40 3.7 aKZIKb8 10.50 0 11.30 6.6 CCBNb10 10.50 0 9.80 7.6 CSBNb4 10.50 0 10.80 3.3 KKGBb4 10.50 0 9.90 7.1 KKGBb6 10.50 0 7.50 9.5 TEBNb6 10.50 0 10.00 4.8 LOGCb1 10.30 0 9.50 2.5 KZIKb10 10.25 -2.65 5.69 2.0 KZIKb9 10.25 -2.48 4.90 0.0 aCCBNb14 10.00 0 9.80 8.6 BTAIb7 10.00 0 10.00 4.4 CCBNb11 10.00 0 10.00 7.8 GLOTb1 10.00 0 12.40 0.1 KASTb2 10.00 0 11.00 3.3 TSBNb6 10.00 0 10.00 7.8 SATCb1 9.98 0 12.00 6.9 aHSBKb8 9.70 0 9.60 7.1 BTLZb1 9.70 0 10.00 0.8 HSBKb8 9.70 0 9.60 7.1 AGKKb1 9.68 +0.27 9.00 4.5 ASAVb1 9.50 0 9.50 1.9 BTAIb11 9.50 0 3.00 8.4 CCBNb13 9.50 0 9.80 8.1 CCBNb14 9.50 0 9.80 8.6 EUBNb3 9.50 0 9.50 5.1 KARMb2 9.50 -0.25 11.20 0.8 KZIKb8 9.50 -1.00 11.30 6.6 CCBNb15 9.48 0 9.00 9.2 EUBNb4 9.00 -3.00 9.00 6.5 KAFIb1 9.00 0 8.71 3.8 KSMKb1 9.00 0 11.30 4.1 KSMKb2 9.00 0 11.00 4.7 KZIKb16 9.00 0 7.50 8.9 TEBNb7 8.90 0 9.70 7.3 BTAIb14 8.82 -1.68 8.50 6.1 KZASb2 8.70 0 12.00 1.3 TEBNb8 8.70 0 9.70 4.3 aHSBKb11 8.50 0 6.00 8.2 DTJLb1 8.50 0 8.05 20.4 HSBKb11 8.50 0 6.00 8.2 KKAGb2 8.50 0 10.60 3.1 TEBNb11 8.50 0 9.00 13.8 aATFBb6 8.40 0 10.00 6.0 ATFBb6 8.40 0 10.00 6.0 aHSBKb10 8.20 0 6.00 7.7 aASFIb14 8.19 0 6.69 1.5 ASFIb14 8.19 0 6.69 1.5 aBTTRb1 8.00 0 9.00 11.1 BTTRb1 8.00 0 9.00 11.1 KASTb1 8.00 0 11.00 3.2 TEBNb10 8.00 0 8.50 8.8 TEBNb17 8.00 0 8.50 9.1 GLOTb2 7.50 -1.50 10.00 4.1 KKGBb5 7.50 0 9.40 7.5 HSBKb10 7.20 -0.11 6.00 7.7 FRMPb1 7.00 0 9.00 2.1 BTAIb9 4.51 -3.10 8.50 8.0 ------------------------------------------------------------ Instruments, indexed on change of tenge rate to USD ------------------------------------------------------------ ASBNb1 23.66 +3.92 9.00 1.8 KKGBb2 22.66 +1.32 8.00 1.8 NRBNb2 19.96 +3.64 9.00 3.3 BTASb2 17.00 +0.50 9.00 2.2 TEBNb2 17.00 0 11.00 0.6 BTASb1 15.50 +0.75 12.00 1.0 ART060.004 8.00 0 8.50 0.2 ------------------------------------------------------------ Instruments, indexed on change of tenge rate to euro ------------------------------------------------------------ aASFIb13 9.00 0 7.88 2.3 ASFIb13 9.00 0 7.88 2.3 ------------------------------------------------------------ Instruments, indexed on devaluation rate of tenge against USD with protection from strengthening of tenge against USD ------------------------------------------------------------ CCBNb2 18.00 0 10.00 1.1 KZNHb2 15.00 0 10.00 2.0 TEBNb3 14.00 0 14.00 4.7 KZTCb1 13.26 -0.06 8.00 2.4 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 2.8 PDESb1 9.70 0 9.00 2.8 TEBNb15 9.00 0 9.50 8.1 TEBNb13 8.54 0 9.00 4.1 KZPSb1 8.00 - 8.00 0.2 TEBNb16 8.00 0 8.50 9.1 ------------------------------------------------------------ Instruments, indexed on devaluation rate of tenge against USD and on inflation rate ------------------------------------------------------------ JGOKb2 9.80 0 9.80 5.1 US_MER_e1 7.81 +0.01 8.40 12.9 ------------------------------------------------------------ Non-indexed instruments, denominated in foreign currencies ------------------------------------------------------------ ASBNe2 12.00 -1.20 9.00 2.7 aATFBe5 11.50 0 9.00 8.2 KKGBe4 11.10 +0.01 8.50 5.1 KKGBe5 11.08 +0.01 7.875 6.1 BTASe3 10.92 -0.40 7.875 2.3 KKGBe6 10.62 +0.03 7.00 1.7 BRKZe4 8.38 0 6.00 18.1 BRKZe3 8.34 0 6.50 12.3 BRKZe2 8.33 0 7.375 5.7 HSBKe1 7.50 0 8.125 1.6 aATFBe4 6.60 0 8.125 2.7 ATFBe4 6.60 0 8.125 2.7 aATFBe2 6.50 0 8.875 1.7 ATFBe2 6.50 0 8.875 1.7 RU_02_3003 6.20 +0.01 5.00 22.1 RU_01_2806 4.80 0 12.75 20.3 IFO bonds 2.29 0 4.38-5.50 4.5-5.8 ------------------------------------------------------------ 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 speed of tenge devaluation to the US dollar during the analyzed period is estimated at 27.8% 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. [2008-02-28]