Investment attractiveness of debt instruments on KASE in period of June 12 - 18, 2008

/IRBIS, Valeriy Khegay, June 23, 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 June 12 - 18, 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. Yield, % APR. ------------- Financial ------ ----- Coupon, Term, instrument value trend % APR. years ------------- ------ ----- --------- -------- Non-indexed instruments, denominated in tenge ------------------------------------------------- ASBNb6 22.60 +2.71 8.50 0.8 CACMb1 17.45 0 9.00 3.1 ASBNb5 17.00 0 7.00 0.2 TSBNb4 17.00 0 8.00 3.0 CSBNb6 16.10 +0.10 8.50 6.9 RMXRb1 16.00 - 12.00 4.5 TSBNb2 16.00 0 9.00 4.1 MREKb2 15.74 -0.26 13.00 2.2 ASFIb15 14.65 -0.34 12.00 14.8 KAZIb1 14.60 0 10.00 0.7 NRBNb4 14.50 -1.43 8.00 0.5 ATFBb4 14.36 +0.01 8.50 6.4 aEKTNb1 14.00 0 10.00 3.3 ASFIb16 14.00 0 12.00 14.9 BTAIb1 14.00 0 10.00 2.5 EXBNb1 14.00 0 9.00 5.4 KAZIb2 14.00 +0.05 10.00 3.5 KZIKb11 14.00 0 6.90 6.8 ORDKb1 14.00 +1.01 12.00 1.3 BTASb7 13.76 +6.16 7.00 28.0 ASFIb10 13.17 +3.17 7.50 8.3 MAG_b1 13.01 +0.40 12.00 1.2 MAG_b1 13.01 +0.40 12.00 2.9 aASFIb8 13.00 0 6.00 2.9 aASFIb9 13.00 0 8.00 12.9 ASFIb8 13.00 0 6.00 2.9 EXBNb2 13.00 0 9.00 4.0 RGBRb4 13.00 0 8.00 3.1 TEBNb12 13.00 0 9.00 1.8 TEBNb14 13.00 0 9.50 7.8 TEBNb5 13.00 0 9.75 0.5 TXBNb2 13.00 +0.30 11.00 2.0 aHSBKb3 12.80 0 9.00 1.0 HSBKb9 12.70 0 7.50 7.0 aHSBKb9 12.60 0 7.50 7.0 aBGSTb1 12.50 0 10.00 4.1 TSBNb3 12.50 0 8.00 0.6 ATFBb3 12.44 +0.94 8.50 0.4 ASFIb11 12.34 -1.66 7.50 8.3 HSBKb3 12.20 -1.92 9.00 1.0 KIBNb3 12.03 0 10.00 2.1 KKI_b1 12.03 -0.03 8.00 2.2 aAPKIb1 12.00 0 12.00 2.8 aAPKIb2 12.00 0 12.00 2.9 aASFIb10 12.00 +2.00 7.50 8.3 aTSASb1 12.00 0 9.00 3.5 HSBKb7 12.00 0 7.50 6.5 KRZHb1 12.00 0 14.00 2.5 MREKb5 12.00 0 16.00 4.6 NRBNb5 12.00 0 7.50 7.9 TEBNb4 12.00 0 8.00 7.0 aHSBKb7 11.90 0 7.50 6.5 ALBNb2 11.80 0 12.00 2.7 BTASb9 11.00 - 11.00 10.0 CCBNb12 11.00 0 9.00 2.5 PRKRb2 11.00 0 8.00 4.7 ALTMb1 10.99 0 12.00 4.4 TSNAb1 10.70 0 9.00 1.0 ASFIb12 10.50 0 7.80 10.8 ALLZb1 10.00 0 9.50 3.2 aZERDb1 10.00 0 10.00 4.5 ZERDb1 10.00 0 10.00 4.5 ASBNb10 9.75 0 9.75 6.4 aASFIb11 9.50 0 7.50 8.3 CCBNb18 9.50 0 13.00 14.5 KASSb1 9.50 -0.30 9.00 2.7 repo_CS* 9.20 +1.35 - 0-1.0 aPDENb1 9.00 -0.20 9.00 9.1 BTAIb10 9.00 0 7.00 0.9 CCBNb17 9.00 0 8.50 3.9 MREKb3 9.00 0 12.00 3.4 MREKb4 9.00 0 12.00 3.9 RGBRb5 9.00 0 8.00 4.3 RGBRb6 9.00 0 8.00 6.3 TEBNb9 9.00 0 9.75 0.9 ASBNb8 8.75 0 8.50 3.5 ASBNb7 8.50 0 8.50 5.1 BTAIb13 8.50 0 7.00 8.5 BTASb5 8.50 0 7.00 7.5 ULBAb1 8.30 0 8.25 0.5 МЕОКАМ 8.25 -0.93 3.35-6.10 0.6-2.6 EUBNb1 8.00 0 6.50 0.4 PRKRb1 8.00 0 8.00 0.9 ASFIb9 7.86 -5.14 8.00 12.9 BTAIb12 7.50 +0.05 7.00 8.1 TSBNb7 7.50 0 7.50 19.1 Notes of NB* 7.14 -0.46 - 0.02-1.0 ASBNb9 7.00 0 8.00 1.7 CCBNb16 7.00 0 8.00 1.9 EUBNb2 7.00 0 7.00 3.5 NRBNb6 6.21 -0.01 14.00 6.6 KONDb1 2.09 -1.25 8.80 3.5 repo_GS* 0.94 -0.38 - 0-7.7 ------------------------------------------------- Instruments, indexed on inflation rate ------------------------------------------------- ASBNb3 22.00 0 12.00 3.4 MUIKAM 21.46 - 19.54 6.9 VITAb4 20.93 -2.88 12.00 1.8 VITAb5 20.92 -0.97 13.00 4.9 ORNKb1 19.85 -0.16 11.00 2.2 BTTRb1 19.42 +3.42 19.20 10.8 KZIKb3 18.60 0 16.70 5.8 KZIKb6 18.20 0 16.09 2.8 KZIKb2 18.15 0 16.50 5.3 aCCBNb14 18.00 0 10.00 8.3 CCBNb14 18.00 0 10.00 8.3 TSSMb1 18.00 +3.56 12.00 2.8 KZIKb4 17.60 0 16.20 5.8 KZIKb7 17.60 0 15.80 3.3 BTAIb4 17.50 0 11.00 1.9 aCBH_b1 17.00 - 15.50 4.8 BTASb4 17.00 +0.50 12.00 6.0 CHFMb2 16.98 -0.01 15.00 4.8 aASFIb4 16.00 0 14.00 2.9 aASFIb7 16.00 0 12.50 7.0 aBTTRb1 16.00 -0.52 19.20 10.8 ASFIb4 16.00 0 14.00 2.9 ASFIb7 16.00 0 12.50 7.0 BTAIb5 16.00 0 10.00 6.9 KSMKb1 15.63 -0.30 11.00 3.7 BTAIb16 15.50 0 13.50 9.8 BTAIb6 15.50 0 10.00 2.0 KKAGb3 15.50 +1.38 12.00 5.2 AGKKb1 15.02 +0.77 9.00 4.1 aASFIb6 15.00 0 12.50 4.0 aKZIKb8 15.00 0 15.80 6.3 ASFIb6 15.00 0 12.50 4.0 BTAIb2 15.00 0 14.00 6.3 BTAIb8 15.00 0 10.00 5.2 GLOTb2 15.00 0 20.20 3.7 KZIKb8 15.00 0 15.80 6.3 aASFIb5 14.50 0 12.50 1.6 ASFIb5 14.50 0 12.50 1.6 BTAIb3 14.50 0 14.00 3.5 aKZIKb10 14.00 0 5.69 1.7 aREALb1 14.00 0 12.00 4.9 KKAGb1 14.00 +0.73 13.00 1.7 KZDKb1 14.00 0 11.00 1.7 KZIKb10 14.00 0 5.69 1.7 KZIKb12 14.00 0 7.50 8.8 TSBNb5 14.00 0 10.00 6.0 aELDSb1 13.90 0 15.00 0.9 NFBNb1 13.70 -3.80 11.00 4.3 ASELb1 13.55 -0.45 14.00 1.8 BTASb3 13.50 0 15.00 5.4 CCBNb6 13.50 -2.50 12.00 6.5 ROSAb2 13.50 0 11.00 2.9 CCBNb7 13.49 -2.51 10.00 6.9 ORDBb2 13.01 0 11.00 3.4 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 3.6 TEBNb10 13.00 0 8.50 8.4 TEBNb17 13.00 0 8.50 8.8 TEBNb8 13.00 0 9.70 3.9 TXBNb3 13.00 0 12.00 3.4 ATFBb5 12.50 0 11.00 3.9 CSBNb7 12.50 0 12.00 10.0 KKGBb4 12.12 0 9.50 6.8 KAFIb1 12.00 0 8.71 3.5 KZIKb5 12.00 -0.20 16.09 0.8 CSBNb4 11.50 +0.91 12.46 3.0 KIBNb1 11.50 0 11.00 4.5 DNBNb1 11.40 0 10.50 2.5 DNBNb2 11.30 0 11.00 2.8 BTLZb1 11.27 +1.57 10.00 0.5 KASTb2 11.09 +0.09 11.00 3.0 aASAVb2 11.00 - 9.50 1.9 aHSBKb4 11.00 0 12.00 2.0 EUBNb3 11.00 0 11.00 4.8 HSBKb12 11.00 0 13.00 9.3 TEBNb7 10.90 0 11.00 6.9 HSBKb4 10.80 +1.80 12.00 2.0 CCBNb10 10.50 0 10.00 7.3 KKAGb2 10.50 +1.00 12.00 2.8 KKGBb6 10.50 0 7.50 9.2 TEBNb6 10.50 0 10.00 4.5 KARMb2 10.49 0 11.20 0.5 LOGCb1 10.30 0 9.50 2.2 DTJLb1 10.10 +1.60 8.05 20.1 ABDIb1 10.00 +0.01 15.00 4.6 ASAVb2 10.00 -0.62 9.50 1.9 BTAIb7 10.00 0 10.00 4.1 CCBNb11 10.00 0 10.00 7.5 EUBNb4 10.00 0 9.00 6.2 SATCb1 10.00 0 12.00 6.5 TKUDb1 10.00 0 15.00 3.4 TSBNb6 10.00 0 10.00 7.5 aHSBKb8 9.70 0 10.00 6.8 HSBKb8 9.70 0 10.00 6.8 CCBNb15 9.52 0 10.00 8.9 aHSBKb11 9.50 0 6.00 7.8 BTAIb11 9.50 0 3.00 8.1 BTAIb14 9.50 0 8.50 5.8 CCBNb13 9.50 0 10.50 7.8 HSBKb11 9.50 0 6.00 7.8 ASAVb1 9.00 -0.30 9.50 1.5 ATFBb6 9.00 0 10.00 5.7 KSMKb2 9.00 0 11.00 4.4 KZIKb16 9.00 0 7.50 8.6 TEBNb11 9.00 0 9.00 13.4 KZASb2 8.70 0 12.00 1.0 aHSBKb10 8.20 0 6.00 7.4 KASTb1 8.00 0 11.00 2.9 BTAIb9 7.50 0 8.50 7.7 KKGBb5 7.50 0 9.50 7.2 HSBKb10 7.20 0 6.00 7.4 aASFIb14 6.00 0 3.94 1.2 ASFIb14 6.00 0 3.94 1.2 ------------------------------------------------- Instruments, indexed on change of tenge rate to USD ------------------------------------------------- KKGBb2 27.30 -0.01 8.00 1.4 ASBNb1 26.22 +1.92 9.00 1.5 BTASb2 16.00 0 9.00 1.9 BTASb1 15.00 0 12.00 0.7 NRBNb2 15.00 0 9.00 3.0 TEBNb2 13.00 0 11.00 0.2 ------------------------------------------------- Instruments, indexed on change of tenge rate to euro ------------------------------------------------- aASFIb13 9.00 0 7.88 2.0 ASFIb13 9.00 -0.01 7.88 2.0 ------------------------------------------------- Instruments, indexed on change rate of tenge against USD with protection from strengthening of tenge against USD ------------------------------------------------- KZNHb2 15.00 0 10.00 1.7 TEBNb3 14.00 0 14.00 4.3 CCBNb2 13.00 -2.00 10.00 0.8 CSBNb2 13.00 0 9.50 1.9 TEBNb15 13.00 0 9.50 7.8 KZTCb1 12.98 -0.20 8.00 2.1 TEBNb13 12.61 0 9.00 3.8 aASFIb3 11.00 0 7.00 0.4 ASFIb3 11.00 0 7.00 0.4 CSBNb3 10.50 0 8.75 2.5 TEBNb16 8.50 0 8.50 8.8 ------------------------------------------------- Instruments, indexed on devaluation rate of tenge against USD and on inflation rate ------------------------------------------------- JGOKb2 10.00 0 10.00 4.8 US_MER_e1 8.04 +0.02 8.40 12.6 ------------------------------------------------- Non-indexed instruments, denominated in foreign currencies ------------------------------------------------- US_JPM_e1 17.85 +0.09 16.5087 7.7 ASBNe2 13.20 0 9.00 2.4 BTASe3 12.60 +0.04 7.875 1.9 KKGBe5 12.02 +0.01 7.875 5.8 KKGBe4 11.82 +0.01 8.50 4.8 KKGBe6 10.57 +0.05 7.00 1.4 BRKZe4 8.67 -0.03 6.00 17.8 BRKZe3 8.37 -0.06 6.50 12.0 BRKZe2 7.87 -0.14 7.375 5.4 HSBKe1 7.50 0 8.125 1.3 ATFBe4 6.60 0 8.125 2.4 ATFBe2 6.50 0 8.875 1.4 RU_02_3003 6.09 +0.01 5.00 21.8 RU_01_2806 4.98 +0.21 12.75 20.0 IFO bonds 2.78 +0.88 4.38-5.50 4.2-5.4 ------------------------------------------------- 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 devaluation to the US dollar during the analyzed period is estimated at 6.0% 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. [2008-06-23]