Investment attractiveness of debt instruments on KASE in period of may 15 - 21, 2008

/IRBIS, Valeriy Khegay, May 22, 08/ - Below is the table that allows comparing investment attractiveness of debt financial instruments, which were regularly traded or quoted on Kazakhstan Stock Exchange (KASE) in the period of May 15 -21, 2008. Trends are given relative to the previous week. Instruments are given in the 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 --------------------------------------------------- IKBKb1 20.00 - 12.00 0.4 ASBNb6 19.00 0 8.50 0.9 ASBNb5 17.00 0 7.00 0.3 TSBNb2 16.00 0 9.00 4.2 TSBNb4 16.00 -1.00 8.00 3.1 aAPKIb1 15.00 +3.00 12.00 2.9 aATFBb4 15.00 +2.00 8.50 6.5 MREKb2 15.00 0 13.00 2.3 ORDKb1 14.75 +2.62 12.00 1.4 ATFBb4 14.50 0 8.50 6.5 NRBNb4 14.50 0 8.00 0.6 EXBNb1 14.30 -3.45 9.00 5.5 aATFBb3 14.00 +0.37 8.50 0.5 aEKTNb1 14.00 0 10.00 3.4 BTAIb1 14.00 0 10.00 2.6 KAZIb2 14.00 0 10.00 3.5 KZIKb11 14.00 0 6.90 6.9 MAG_b1 13.74 +0.02 12.00 1.3 EXBNb2 13.70 -4.05 9.00 4.1 ATFBb3 13.50 +2.00 8.50 0.5 CACMb1 13.50 +0.02 9.00 3.2 aASFIb8 13.00 0 6.00 3.0 aASFIb9 13.00 0 8.00 13.0 ASFIb8 13.00 0 6.00 3.0 ASFIb9 13.00 0 8.00 13.0 RGBRb4 13.00 0 8.00 3.2 TEBNb12 13.00 0 9.00 1.9 TEBNb14 13.00 0 9.50 7.9 TEBNb5 13.00 0 9.75 0.6 HSBKb9 12.70 0 7.50 7.1 aHSBKb9 12.60 0 7.50 7.1 aBGSTb1 12.50 0 10.00 4.2 TSBNb3 12.50 0 8.00 0.7 KKI_b1 12.05 +0.03 8.00 2.3 KIBNb3 12.01 -0.03 10.00 2.2 aAPKIb2 12.00 - 12.00 3.0 aTSASb1 12.00 0 9.00 3.6 HSBKb7 12.00 0 7.50 6.6 KRZHb1 12.00 0 14.00 2.6 MREKb5 12.00 0 16.00 4.7 NRBNb5 12.00 0 7.50 8.0 TEBNb4 12.00 0 8.00 7.1 TXBNb2 12.00 0 11.00 2.1 ASFIb15 11.94 -0.06 12.00 14.9 aHSBKb7 11.90 0 7.50 6.6 KAZIb1 11.89 +0.89 10.00 0.7 ALBNb2 11.80 -0.05 12.00 2.8 EKTNb1 11.50 0 10.00 3.4 ASFIb11 11.13 -4.85 7.50 8.4 aHSBKb3 11.00 0 9.00 1.1 ALTMb1 11.00 +0.01 12.00 4.5 CCBNb12 11.00 0 9.00 2.6 HSBKb3 11.00 0 9.00 1.1 CSBNb6 10.85 0 8.50 7.0 TSNAb1 10.70 0 9.00 1.1 PRKRb2 10.50 0 8.00 4.8 ALLZb1 10.00 0 9.50 3.3 aPDENb1 10.00 -1.00 9.00 9.1 aZERDb1 10.00 0 10.00 4.6 ZERDb1 10.00 0 10.00 4.6 ASBNb10 9.75 0 9.75 6.5 ASFIb12 9.70 0 7.80 10.9 aASFIb10 9.50 0 7.50 8.4 aASFIb11 9.50 0 7.50 8.4 CCBNb16 9.50 0 8.00 2.0 CCBNb18 9.50 0 13.00 14.6 KASSb1 9.50 0 9.00 2.7 ASFIb10 9.49 -3.01 7.50 8.4 BTAIb10 9.00 0 7.00 1.0 CCBNb17 9.00 0 8.50 4.0 MREKb3 9.00 0 12.00 3.5 MREKb4 9.00 0 12.00 4.0 RGBRb5 9.00 0 8.00 4.4 RGBRb6 9.00 0 8.00 6.4 TEBNb9 9.00 0 9.75 1.0 ASBNb8 8.75 0 8.50 3.6 BTAIb15 8.70 0 8.00 0.04 МЕОКАМ 8.60 +0.19 3.50 1.6 BTASb7 8.54 -0.06 7.00 28.1 ASBNb7 8.50 0 8.50 5.2 BTAIb13 8.50 0 7.00 8.6 BTASb5 8.50 0 7.00 7.6 repo_CS* 8.37 +0.22 - 0-1.0 ULBAb1 8.30 0 8.25 0.6 EUBNb1 8.00 0 6.50 0.5 PRKRb1 8.00 -0.02 8.00 1.0 BTAIb12 7.50 0 7.00 8.2 TSBNb7 7.50 0 7.50 19.2 МЕККАМ, 7.41 +0.75 - 0.02-1.0 notes of NB* ASBNb9 7.00 0 8.00 1.8 EUBNb2 7.00 0 7.00 3.6 NRBNb6 6.25 -0.01 14.00 6.7 KONDb1 3.80 -0.05 8.80 3.6 Repo_GS* 0.87 -0.15 - 0.003-0.2 --------------------------------------------------- Instruments, indexed on inflation rate --------------------------------------------------- BTLZb1 35.44 +25.74 10.00 0.6 VITAb4 27.10 -0.59 12.00 1.9 ASBNb3 22.00 0 12.00 3.4 ORNKb1 21.37 -0.28 11.00 2.3 МUIКАМ 18.89 +1.68 19.62 5.8 KZIKb3 18.60 0 16.70 5.9 VITAb5 18.21 -4.11 13.00 5.0 KZIKb6 18.20 0 16.09 2.9 KZIKb2 18.15 0 16.50 5.4 aCCBNb14 18.00 0 10.00 8.4 CCBNb14 18.00 0 10.00 8.4 KZIKb4 17.67 +0.07 16.20 5.9 KZIKb7 17.60 0 15.80 3.4 BTAIb4 17.30 -0.20 11.00 2.0 BTASb4 17.00 +0.04 12.00 6.1 BTTRb1 17.00 -0.65 19.20 10.9 CHFMb2 16.98 -0.01 15.00 4.9 aASFIb4 16.00 0 14.00 3.0 BTAIb5 16.00 0 10.00 7.0 CCBNb7 16.00 0 10.00 7.0 KATRb1 16.00 0 16.00 0.1 BTAIb3 15.79 -0.21 14.00 3.6 BTAIb16 15.50 0 13.50 9.9 BTAIb6 15.50 0 10.00 2.1 aASFIb6 15.00 0 12.50 4.1 aASFIb7 15.00 0 12.50 7.1 aKZIKb8 15.00 0 15.80 6.4 ASFIb4 15.00 -1.00 14.00 3.0 ASFIb6 15.00 0 12.50 4.1 ASFIb7 15.00 0 12.50 7.1 BTAIb2 15.00 0 14.00 6.4 BTAIb8 15.00 -0.01 10.00 5.3 GLOTb2 15.00 0 20.20 3.8 KZIKb8 15.00 0 15.80 6.4 aASFIb5 14.50 0 12.50 1.7 ASFIb5 14.50 +2.39 12.50 1.7 KKAGb3 14.12 -7.18 12.00 5.3 aKZIKb10 14.00 0 5.69 1.8 KZDKb1 14.00 0 11.00 1.8 KZIKb10 14.00 0 5.69 1.8 KZIKb12 14.00 0 7.50 8.9 NFBNb1 14.00 0 11.00 4.4 TSBNb5 14.00 0 10.00 6.1 aELDSb1 13.90 0 15.00 1.0 BTASb3 13.50 0 15.00 5.5 CCBNb6 13.50 0 12.00 6.6 ROSAb2 13.50 0 11.00 3.0 ORDBb2 13.02 +0.01 11.00 3.5 aATFBb5 13.00 0 9.80 4.0 CCBNb3 13.00 0 21.00 2.0 CCBNb4 13.00 0 12.00 3.3 CCBNb8 13.00 0 10.00 7.2 CCBNb9 13.00 0 10.00 7.2 CSBNb5 13.00 0 11.00 3.7 KZIKb5 13.00 +1.00 16.09 0.9 TEBNb10 13.00 0 8.50 8.5 TEBNb17 13.00 0 8.50 8.9 TEBNb8 13.00 0 9.70 4.0 EUBNb4 12.60 -1.65 9.00 6.3 KKAGb1 12.54 -8.26 13.00 1.8 ATFBb5 12.50 0 9.80 4.0 TSSMb1 12.50 -4.00 12.00 2.9 KKGBb4 12.10 +0.01 9.50 6.8 KAFIb1 12.00 0 8.71 3.6 TXBNb3 12.00 0 12.00 3.5 KIBNb1 11.51 +0.01 11.00 4.6 DTJLb1 11.50 +3.00 8.05 20.2 DNBNb1 11.40 0 10.50 2.6 EUBNb3 11.40 -0.85 11.00 4.9 DNBNb2 11.30 0 11.00 2.9 ASAVb2 11.02 +0.01 9.50 1.9 aHSBKb4 11.00 0 12.00 2.1 HSBKb12 11.00 0 13.00 9.4 HSBKb4 11.00 0 12.00 2.1 KASTb2 11.00 +1.00 11.00 3.1 KDTSb1 11.00 0 20.10 3.9 TEBNb7 10.90 0 9.70 7.0 CCBNb10 10.50 0 10.00 7.4 CSBNb4 10.50 0 10.80 3.0 KARMb2 10.50 0 11.20 0.6 KKGBb6 10.50 0 7.50 9.3 TEBNb6 10.50 0 10.00 4.6 LOGCb1 10.30 0 9.50 2.3 ABDIb1 10.00 0 15.00 4.6 BTAIb7 10.00 0 10.00 4.2 CCBNb11 10.00 0 10.00 7.6 KKAGb2 10.00 0 12.00 2.9 SATCb1 10.00 0 12.00 6.6 TKUDb1 10.00 0 15.00 3.5 TSBNb6 10.00 0 10.00 7.6 aHSBKb8 9.70 0 10.00 6.9 HSBKb8 9.70 0 10.00 6.9 aATFBb6 9.50 0 10.00 5.8 aHSBKb11 9.50 0 6.00 7.9 ASAVb1 9.50 0 9.50 1.6 BTAIb11 9.50 0 3.00 8.2 BTAIb14 9.50 0 8.50 5.9 CCBNb13 9.50 0 10.50 7.9 CCBNb15 9.50 -0.02 10.00 8.9 HSBKb11 9.50 0 6.00 7.9 AGKKb1 9.10 0 9.00 4.2 ATFBb6 9.00 0 10.00 5.8 KSMKb1 9.00 0 11.00 3.8 KSMKb2 9.00 0 11.00 4.5 KZIKb16 9.00 0 7.50 8.7 TEBNb11 9.00 0 9.00 13.5 KZASb2 8.70 0 12.00 1.1 aHSBKb10 8.20 0 6.00 7.5 KASTb1 8.00 0 11.00 3.0 BTAIb9 7.50 0 8.50 7.8 KKGBb5 7.50 0 9.50 7.3 HSBKb10 7.20 0 6.00 7.5 FRMPb1 7.09 +0.11 9.00 1.8 aASFIb14 6.00 0 3.94 1.3 ASFIb14 6.00 0 3.94 1.3 --------------------------------------------------- Instruments, indexed on change of tenge rate to USD Instruments, indexed on change of tenge rate to USD --------------------------------------------------- ASBNb1 29.90 0 9.00 1.6 KKGBb2 24.94 +0.29 8.00 1.5 BTASb2 16.50 0 9.00 1.9 BTASb1 15.92 -0.29 12.00 0.8 NRBNb2 15.00 0 9.00 3.1 TEBNb2 13.00 0 11.00 0.3 --------------------------------------------------- Instruments, indexed on change of tenge rate to euro --------------------------------------------------- ASFIb13 9.03 0 7.88 2.0 aASFIb13 9.00 0 7.88 2.0 --------------------------------------------------- Instruments, indexed on change rate of tenge against USD with protection from strengthening of tenge against USD --------------------------------------------------- CCBNb2 15.00 0 10.00 0.9 KZNHb2 15.00 0 10.00 1.8 TEBNb3 14.00 0 14.00 4.4 KZTCb1 13.26 -0.08 8.00 2.2 CSBNb2 13.00 0 9.50 2.0 TEBNb15 13.00 0 9.50 7.9 TEBNb13 12.62 0 9.00 3.9 aASFIb3 11.00 0 7.00 0.5 ASFIb3 11.00 0 7.00 0.5 CSBNb3 10.50 0 8.75 2.5 TEBNb16 10.00 0 8.50 8.9 --------------------------------------------------- Instruments, indexed on devaluation rate of tenge against USD and on inflation rate --------------------------------------------------- JGOKb2 10.00 0 10.00 4.9 US_MER_e1 7.96 +0.02 8.40 12.7 --------------------------------------------------- Non-indexed instruments, denominated in foreign currencies --------------------------------------------------- US_JPM_e1 17.53 -2.86 16.50 7.7 ASBNe2 13.20 0 9.00 2.5 BTASe3 12.34 -0.05 7.875 2.0 KKGBe5 11.98 +0.01 7.875 5.9 KKGBe4 11.78 +0.01 8.50 4.9 aATFBe5 11.50 0 9.00 8.0 KKGBe6 10.40 +0.04 7.00 1.5 BRKZe4 8.80 0 6.00 17.9 BRKZe3 8.67 +0.01 6.50 12.0 BRKZe2 8.37 0 7.375 5.5 HSBKe1 7.50 0 8.125 1.4 aATFBe4 6.60 0 8.125 2.4 ATFBe4 6.60 0 8.125 2.4 aATFBe2 6.50 0 8.875 1.5 ATFBe2 6.50 0 8.875 1.5 RU_02_3003 6.05 +0.01 5.00 21.9 RU_01_2806 4.78 0 12.75 20.1 IFO bonds 1.90 -0.01 4.38-5.50 4.3-5.5 --------------------------------------------------- Yields of bonds on which deals were made are calculated as average of deals, on the rest bonds - as average of the quotations of demand. On bonds with floating coupon forecast the yield is calculated at the current coupon value. The instrument term 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 the weighted average rate of KASE main session, the speed of tenge appreciation to the US dollar during the analyzed period is estimated at 7.6% APR. The yields indicated here do not include overhead expenses that are inevitable when conducting operations and fixing profits. The securities marked by an asterisk are instruments with less than a year circulation term. The weighted average effective yield rate is indicated in regard to them. [2008-05-22]