Investment attractiveness of debt instruments on KASE within the period of March 6-12, 2008

/IRBIS, Valeriy Khegay, March 13, 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 March 6-12, 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 0 8.50 1.1 NRBNb4 17.93 +3.68 8.00 0.8 MREKb2 16.00 0 13.00 2.4 TSBNb4 16.00 0 8.00 3.3 ASBNb4 15.00 0 7.00 0.1 aEKTNb1 14.02 +0.02 10.00 3.6 KZIKb11 14.00 0 6.90 7.1 MAG_b1 13.52 +0.01 12.00 1.4 aASFIb8 13.01 +0.01 6.00 3.2 aASFIb9 13.01 +0.01 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 TEBNb12 13.00 +2.00 9.00 2.1 TEBNb14 13.00 +4.00 9.50 8.1 TEBNb5 13.00 +3.50 9.75 0.8 TEBNb9 13.00 +4.00 9.75 1.2 TSBNb2 13.00 0 9.00 4.4 CACMb1 12.52 -0.48 9.00 3.4 aBGSTb1 12.51 +0.01 10.00 4.4 KAZIb2 12.50 0 10.00 3.7 TSBNb3 12.50 0 8.00 0.9 aMAG_b1 12.06 -0.56 12.00 1.4 KKI_b1 12.05 +0.02 8.00 2.5 aTSASb1 12.01 +0.01 9.00 3.8 KIBNb3 12.01 -0.01 10.00 2.4 KRZHb1 12.00 0 14.00 2.8 MREKb5 12.00 -1.70 16.00 4.9 NRBNb5 12.00 0 7.50 8.2 TEBNb4 12.00 0 8.00 7.3 TXBNb2 12.00 +0.50 11.00 2.3 ORDKb1 11.99 - 12.00 1.6 BTAIb1 11.75 +0.25 10.00 2.8 aHSBKb7 11.60 +1.80 7.50 6.8 ASBNb5 11.50 0 7.00 0.5 HSBKb7 11.50 +0.78 7.50 6.8 aHSBKb3 11.03 +0.03 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 0.9 PRKRb2 11.00 0 8.00 5.0 aATFBb4 10.93 +0.05 8.50 6.7 TSNAb1 10.70 0 9.00 1.3 ATFBb4 10.50 +0.07 8.50 6.7 CSBNb6 10.48 +0.13 8.50 7.2 EXBNb2 10.10 +0.60 9.00 4.2 aATFBb3 10.00 -0.40 8.50 0.7 ALLZb1 10.00 0 9.50 3.4 ATFBb3 10.00 0 8.50 0.72 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 9.51 +0.01 7.50 8.6 aASFIb11 9.51 +0.01 7.50 8.6 ASFIb10 9.50 0 7.50 8.6 ASFIb11 9.50 0 7.50 8.6 CCBNb16 9.50 0 8.00 2.2 CCBNb18 9.50 0 13.00 14.7 EXBNb1 9.50 0 9.00 5.7 KASSb1 9.50 0 9.00 2.9 BTAIb10 9.00 -4.50 7.00 1.2 CCBNb17 9.00 0 8.50 4.2 MREKb3 9.00 0 12.00 3.7 MREKb4 9.00 0 12.00 4.1 RGBRb5 9.00 0 8.00 4.6 RGBRb6 9.00 0 8.00 6.6 ASBNb8 8.75 0 8.50 3.8 BTAIb15 8.70 0 8.00 0.2 МЕОКАМ 8.66 +0.24 3.50 1.8 Repo CS* 8.64 -1.15 - 0-0.3 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 PRKRb1 8.02 +0.05 8.00 1.2 EUBNb1 8.00 0 6.50 0.7 Notes of National bank* 7.92 +1.63 - 0.04-1.0 aHSBKb9 7.73 +0.01 7.50 7.3 HSBKb9 7.72 0 7.50 7.3 BTAIb12 7.50 0 7.00 8.4 TSBNb7 7.50 0 7.50 19.3 ASBNb9 7.00 0 8.00 2.0 BTASb7 7.00 -1.60 7.00 28.3 EUBNb2 7.00 0 7.00 3.8 NRBNb6 6.35 -0.54 14.00 6.9 MEUKAM 6.00 - 5.50 8.2 KONDb1 4.31 -0.04 8.80 3.8 Repo GS* 2.37 +0.84 - 0.003-0.1 ---------------------------------------------------------- Instruments, indexed on inflation rate ---------------------------------------------------------- ORNKb1 17.74 -0.01 10.60 2.5 BTAIb4 17.00 +0.89 11.00 2.2 VITAb4 17.00 +1.97 11.15 2.1 aASFIb4 16.02 +0.02 11.90 3.2 ASFIb4 16.00 0 11.90 3.2 BTAIb5 16.00 0 10.00 7.2 CCBNb7 16.00 0 10.00 7.2 KKAGb3 16.00 -1.44 12.00 5.5 KKAGb1 15.50 0 13.00 1.9 BTAIb6 15.45 -0.05 10.00 2.3 aASFIb6 15.02 +0.02 12.50 4.3 ASFIb6 15.00 0 12.50 4.3 BTAIb2 15.00 0 12.50 6.6 BTAIb8 15.00 0 10.00 5.5 BTASb4 15.00 0 12.00 6.3 CCBNb3 15.00 0 21.00 2.2 VITAb5 15.00 0 13.00 5.2 aASFIb5 14.53 +0.03 12.50 1.9 ASBNb3 14.50 0 11.40 3.6 ASFIb5 14.50 0 12.50 1.9 aASFIb7 14.01 +0.01 12.50 7.3 ASFIb7 14.00 0 12.50 7.3 BTAIb3 14.00 0 14.00 3.8 KZDKb1 14.00 0 11.00 2.0 KZIKb12 14.00 0 7.50 9.1 KZIKb5 14.00 +1.00 11.59 1.1 NFBNb1 14.00 0 10.80 4.6 aELDSb1 13.95 +0.05 11.90 1.2 ORDBb2 13.51 +0.01 11.00 3.7 BTASb3 13.50 0 11.40 5.7 CCBNb6 13.50 0 12.00 6.8 KZIKb6 13.50 0 11.59 3.1 ROSAb2 13.50 0 11.00 3.2 KZIKb2 13.40 -0.10 12.00 5.6 CCBNb4 13.00 0 10.60 3.5 CCBNb8 13.00 0 10.00 7.4 CCBNb9 13.00 0 10.00 7.4 KZIKb3 13.00 0 12.20 6.1 KZIKb4 13.00 0 11.70 6.1 KZIKb7 13.00 0 11.30 3.6 TEBNb10 13.00 +5.00 8.50 8.7 TEBNb11 13.00 +4.50 9.00 13.7 TEBNb17 13.00 +5.00 8.50 9.1 TEBNb6 13.00 +2.50 10.00 4.8 TEBNb7 13.00 +4.10 9.70 7.2 TEBNb8 13.00 +4.30 9.70 4.2 aKZIKb10 12.92 +0.02 5.69 2.0 KZIKb10 12.90 0 5.69 2.0 TSSMb1 12.50 0 11.30 3.1 ATFBb5 12.41 +0.91 9.80 4.2 aATFBb5 11.50 0 9.80 4.2 KIBNb1 11.50 0 11.00 4.7 DNBNb1 11.40 0 10.50 2.8 DNBNb2 11.30 0 11.00 3.1 aHSBKb4 11.02 +0.02 12.00 2.3 ASAVb2 11.01 -0.01 9.50 2.1 CSBNb5 11.00 0 11.00 3.9 DTJLb1 11.00 +2.50 8.05 20.4 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 -0.17 11.40 3.6 aCCBNb14 10.75 +0.75 9.80 8.6 aKZIKb8 10.51 +0.01 11.30 6.6 CCBNb10 10.50 0 9.80 7.6 CSBNb4 10.50 0 10.80 3.2 KARMb2 10.50 0 11.20 0.8 KKGBb4 10.50 0 9.90 7.0 KKGBb6 10.50 0 7.50 9.5 KZIKb8 10.50 0 11.30 6.6 LOGCb1 10.30 0 9.50 2.5 BTAIb7 10.00 0 10.00 4.3 CCBNb11 10.00 0 10.00 7.8 GLOTb1 10.00 0 12.40 0.1 TSBNb6 10.00 0 10.00 7.8 KASTb2 9.99 -0.01 11.00 3.3 SATCb1 9.99 +0.02 12.00 6.8 aHSBKb8 9.71 +0.01 9.60 7.1 BTLZb1 9.70 0 10.00 0.8 HSBKb8 9.70 0 9.60 7.1 aATFBb6 9.50 +0.80 10.00 6.0 ASAVb1 9.50 0 9.50 1.8 BTAIb11 9.50 0 3.00 8.4 BTAIb14 9.50 -4.00 8.50 6.1 BTTRb1 9.50 +0.90 9.00 11.1 CCBNb13 9.50 0 9.80 8.1 CCBNb14 9.50 0 9.80 8.6 EUBNb3 9.50 0 9.50 5.1 CCBNb15 9.48 -0.01 9.00 9.1 AGKKb1 9.00 -1.10 9.00 4.4 EUBNb4 9.00 0 9.00 6.5 GLOTb2 9.00 0 10.00 4.0 KAFIb1 9.00 0 8.71 3.8 KSMKb1 9.00 0 11.30 4.0 KSMKb2 9.00 0 11.00 4.7 KZIKb16 9.00 0 7.50 8.9 KZASb2 8.70 0 12.00 1.3 aHSBKb11 8.50 0 6.00 8.1 HSBKb11 8.50 0 6.00 8.1 KKAGb2 8.50 0 10.60 3.1 ATFBb6 8.46 +0.02 10.00 6.0 aHSBKb10 8.20 0 6.00 7.6 aASFIb14 8.19 0 6.69 1.5 ASFIb14 8.19 0 6.69 1.5 KASTb1 8.00 0 11.00 3.2 KKGBb5 7.53 +0.03 9.50 7.5 BTAIb9 7.52 0 8.50 8.0 HSBKb10 7.20 0 6.00 7.6 FRMPb1 7.00 0 9.00 2.0 ---------------------------------------------------------- Instruments, indexed on change of tenge rate to USD ---------------------------------------------------------- ASBNb1 30.25 +1.30 9.00 1.8 KKGBb2 22.91 -0.05 8.00 1.7 BTASb1 22.35 +6.39 12.00 0.9 BTASb2 16.50 -0.17 9.00 2.1 NRBNb2 15.00 0 9.00 3.3 TEBNb2 11.00 -4.00 11.00 0.5 ART060.004 8.00 0 8.50 0.2 ---------------------------------------------------------- Instruments, indexed on change of tenge rate to euro ---------------------------------------------------------- ASFIb13 14.22 +5.22 7.88 2.2 aASFIb13 9.02 +0.02 7.88 2.2 ---------------------------------------------------------- Instruments, indexed on devaluation rate of tenge against USD with protection from strengthening of tenge against USD ---------------------------------------------------------- CCBNb2 18.00 +0.03 10.00 1.1 KZNHb2 14.75 -0.25 10.00 1.9 TEBNb3 14.00 0 14.00 4.6 KZTCb1 13.18 -0.08 8.00 2.4 TEBNb15 13.00 +4.00 9.50 8.1 TEBNb16 13.00 +5.00 8.50 9.1 TEBNb13 12.64 +4.10 9.00 4.1 aASFIb3 11.00 0 7.00 0.7 ASFIb3 11.00 0 7.00 0.7 CSBNb2 11.00 0 9.50 2.2 CSBNb3 10.00 0 8.75 2.7 PDESb1 9.70 0 9.00 2.8 KZPSb1 8.00 0 8.00 0.2 ---------------------------------------------------------- Instruments, indexed on devaluation rate of tenge against USD and on inflation rate ---------------------------------------------------------- JGOKb2 9.80 0 9.80 5.1 US_MER_e1 7.85 +0.02 8.40 12.8 ---------------------------------------------------------- Non-indexed instruments, denominated in foreign currencies Non-indexed instruments, denominated in foreign currencies ---------------------------------------------------------- US_JPM_e1 20.43 +10.35 20.086 7.9 ASBNe2 13.20 +1.20 9.00 2.7 KKGBe4 11.68 +0.35 8.50 5.1 aATFBe5 11.50 0 9.00 8.2 KKGBe5 11.36 +0.17 7.875 6.1 BTASe3 10.97 +0.03 7.875 2.2 KKGBe6 10.71 +0.04 7.00 1.6 BRKZe4 8.39 0 6.00 18.0 BRKZe3 8.35 +0.01 6.50 12.2 BRKZe2 8.34 +0.02 7.375 5.7 HSBKe1 7.50 0 8.125 1.6 aATFBe4 6.60 0 8.125 2.6 ATFBe4 6.60 0 8.125 2.6 aATFBe2 6.50 0 8.875 1.7 ATFBe2 6.50 0 8.875 1.7 RU_02_3003 6.22 +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 4.5-5.7 ---------------------------------------------------------- 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). 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 4.0% 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. [2008-03-13]