Investment attractiveness of debt instruments on KASE in period of July 3 - 9, 2008

/IRBIS, Valeriy Khegay, July 10, 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 July 3 -9, 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 ------------------------------------------------ ASBNb6 23.10 -0.46 8.50 0.8 MAG_b1 19.65 0 12.00 2.8 aMAG_b1 19.63 0 12.00 2.8 CACMb1 17.45 0 9.00 3.1 ASBNb5 17.00 0 7.00 0.2 TSBNb4 17.00 0 8.00 2.9 MREKb2 16.00 0 13.00 2.1 TSBNb2 16.00 0 9.00 4.1 KAZIb1 14.60 0 10.00 0.6 ATFBb4 14.50 +1.20 8.50 6.4 NRBNb4 14.50 0 8.00 0.5 aASFIb10 14.00 +2.00 7.50 8.2 aASFIb8 14.00 +0.20 6.00 2.8 aASFIb9 14.00 +0.20 8.00 12.9 aEKTNb1 14.00 0 10.00 3.3 ASFIb16 14.00 0 12.00 14.9 ASFIb8 14.00 +1.00 6.00 2.8 ASFIb9 14.00 +1.00 8.00 12.9 BTAIb1 14.00 0 10.00 2.5 KAZIb2 14.00 0 10.00 3.4 KZIKb11 14.00 0 6.90 6.8 TSBNb3 14.00 +1.50 8.00 0.6 TXBNb2 14.00 +1.00 11.00 2.0 ASFIb10 13.80 +0.17 7.50 8.2 ASFIb12 13.00 +1.41 7.80 10.7 EXBNb2 13.00 0 9.00 3.9 HSBKb3 13.00 0 9.00 0.9 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 aHSBKb3 12.80 0 9.00 0.9 HSBKb9 12.70 0 7.50 7.0 aHSBKb9 12.60 0 7.50 7.0 aBGSTb1 12.50 0 10.00 4.1 ASFIb11 12.50 -1.99 7.50 8.2 ATFBb3 12.50 0 8.50 0.4 KKI_b1 12.09 -0.01 8.00 2.2 aAESOb1 12.00 - 15.00 7.0 aAPKIb1 12.00 0 12.00 2.8 aAPKIb2 12.00 0 12.00 2.9 aTSASb1 12.00 0 9.00 3.4 HSBKb7 12.00 0 7.50 6.5 KIBNb3 12.00 -0.02 10.00 2.1 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 9.00 7.0 aHSBKb7 11.90 0 7.50 6.5 ALBNb2 11.80 0 12.00 2.7 CSBNb6 11.75 0 8.50 6.8 aASFIb11 11.50 +0.40 7.50 8.2 ALTMb1 11.00 0 12.00 4.3 BTASb9 11.00 0 11.00 9.9 CCBNb12 11.00 0 9.00 2.5 PRKRb2 11.00 0 8.00 4.7 TSNAb1 10.70 0 9.00 0.9 EXBNb1 10.15 +1.00 9.00 5.4 ALLZb1 10.00 0 9.50 3.1 aZERDb1 10.00 0 10.00 4.5 ZERDb1 10.00 0 10.00 4.5 ASBNb10 9.75 -3.25 9.75 6.3 CCBNb18 9.50 0 13.00 14.4 KASSb1 9.50 0 9.00 2.6 ASBNb7 9.00 0 8.50 5.0 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 3.8 RGBRb5 9.00 0 8.00 4.3 RGBRb6 9.00 0 8.00 6.3 TEBNb9 9.00 0 9.75 0.9 aPDENb1 8.83 -5.17 9.00 9.0 ASBNb8 8.75 0 8.50 3.5 repo_CS* 8.54 -1.36 - 0-0.8 ASFIb15 8.50 -3.19 12.00 14.7 BTAIb13 8.50 0 7.00 8.5 BTASb5 8.50 0 7.00 7.5 ULBAb1 8.30 0 8.25 0.5 EUBNb1 8.00 0 6.50 0.4 PRKRb1 8.00 0 8.00 0.9 МЕОКАМ 7.72 -0.48 3.35-8.50 0.5-3.3 BTASb7 7.60 0 7.00 28.0 BTAIb12 7.50 0 7.00 8.1 TSBNb7 7.50 0 7.50 19.0 ASBNb9 7.00 0 8.00 1.6 CCBNb16 7.00 0 8.00 1.9 EUBNb2 7.00 0 7.00 3.4 NRBNb6 6.17 -0.01 14.00 6.6 МЕККАМ. notes of NB* 4.42 -2.51 - 0.01-1.0 repo_GS* 3.10 +1.37 - 2.7-7.7 ------------------------------------------------ Instruments, indexed on inflation rate ------------------------------------------------ ORNKb1 23.60 0 11.00 2.2 ASBNb3 21.50 -0.46 12.00 3.3 KSMKb1 19.00 0 11.00 3.7 VITAb4 19.00 +1.00 12.00 1.8 MUIKAM 18.72 -0.69 20.02 6.8 KZIKb3 18.60 0 16.70 5.7 KZIKb4 18.60 +1.15 16.20 5.7 KZIKb6 18.20 0 16.09 2.7 KZIKb2 18.15 0 16.50 5.2 BTAIb4 18.00 +0.28 11.00 1.8 VITAb5 18.00 -0.84 13.00 4.9 BTASb4 17.89 +0.89 12.00 5.9 KZIKb7 17.60 0 15.80 3.2 aASFIb4 17.00 +0.20 14.00 2.9 aCBH_b1 17.00 0 15.50 4.7 ASFIb4 17.00 +1.00 14.00 2.9 CHFMb2 16.98 0 15.00 4.7 aASFIb6 16.00 +0.20 12.50 4.0 aASFIb7 16.00 0 12.50 7.0 aCCBNb14 16.00 -1.00 10.00 8.3 AGKKb1 16.00 +0.97 9.00 4.1 aKZIKb10 16.00 +0.40 5.69 1.6 aKZIKb8 16.00 +1.00 15.80 6.2 ASFIb6 16.00 +1.00 12.50 4.0 ASFIb7 16.00 0 12.50 7.0 BTAIb5 16.00 0 10.00 6.8 KZIKb8 16.00 +0.40 15.80 6.2 aBTTRb1 15.99 - 19.20 10.7 aASFIb5 15.50 +0.20 12.50 1.5 ASFIb5 15.50 +1.00 12.50 1.5 BTAIb16 15.50 0 13.50 9.7 KKAGb3 15.50 0 12.00 5.1 BTTRb1 15.39 -1.66 19.20 10.7 BTAIb2 15.00 +2.40 14.00 6.3 CCBNb6 15.00 +1.50 12.00 6.5 ASAVb2 14.74 +0.24 9.50 1.8 CCBNb14 14.51 -0.49 10.00 8.3 BTAIb3 14.50 0 14.00 3.4 CCBNb9 14.50 +1.50 10.00 7.1 KKAGb1 14.50 0 13.00 1.6 KZIKb10 14.10 +0.08 5.69 1.6 aREALb1 14.00 0 12.00 4.9 CSBNb5 14.00 +1.00 11.00 3.5 KZDKb1 14.00 0 11.00 1.6 KZIKb12 14.00 0 7.50 8.8 TSBNb5 14.00 0 10.00 6.0 TXBNb3 14.00 +1.00 12.00 3.3 aELDSb1 13.90 0 15.00 0.8 KKGBb4 13.73 +2.45 9.50 6.7 NFBNb1 13.70 0 11.00 4.2 BTASb3 13.50 0 15.00 5.3 CSBNb4 13.50 0 12.46 2.9 ROSAb2 13.50 0 11.00 2.9 GLOTb2 13.30 -1.70 20.20 3.7 BTLZb1 13.20 0 10.00 0.5 BTAIb8 13.00 -2.00 10.00 5.1 CCBNb3 13.00 0 21.00 1.9 CCBNb4 13.00 0 12.00 3.2 CCBNb7 13.00 -2.80 10.00 6.9 CCBNb8 13.00 0 10.00 7.1 ORDBb2 13.00 -0.02 11.00 3.4 TEBNb10 13.00 0 8.50 8.4 TEBNb17 13.00 0 8.50 8.8 TEBNb8 13.00 0 9.70 3.9 CSBNb7 12.50 0 12.00 9.9 TSSMb1 12.50 0 12.00 2.7 BTAIb6 12.25 +0.65 10.00 1.9 ATFBb5 12.00 -1.95 11.00 3.9 KAFIb1 12.00 0 9.02 3.5 KZIKb5 12.00 0 16.09 0.7 KDTSb1 11.50 +0.01 20.10 3.7 KIBNb1 11.50 0 11.00 4.4 DNBNb1 11.40 0 10.50 2.5 DNBNb2 11.30 0 11.00 2.7 aASAVb2 11.03 - 9.50 1.8 EUBNb3 11.00 0 11.00 4.7 HSBKb12 11.00 0 13.00 9.3 TEBNb7 10.90 0 11.00 6.9 CCBNb10 10.50 0 10.00 7.3 KARMb2 10.50 0 14.00 0.5 KASTb2 10.50 0 11.00 3.0 KKAGb2 10.50 0 12.00 2.7 KKGBb6 10.50 0 7.50 9.2 TEBNb6 10.50 0 10.00 4.5 LOGCb1 10.30 0 9.50 2.2 BTAIb7 10.00 0 10.00 4.0 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 3.3 TSBNb6 10.00 0 10.00 7.4 ABDIb1 9.99 +0.02 15.00 4.5 aHSBKb8 9.70 0 10.00 6.8 HSBKb8 9.70 0 10.00 6.8 CCBNb15 9.52 0 10.00 8.8 aHSBKb11 9.50 0 6.00 7.8 BTAIb11 9.50 0 3.00 8.1 BTAIb14 9.50 0 8.50 5.7 CCBNb13 9.50 0 10.50 7.8 HSBKb11 9.50 0 6.00 7.8 ASAVb1 9.00 0 9.50 1.5 ATFBb6 9.00 -1.23 10.00 5.6 KSMKb2 9.00 +0.06 11.00 4.3 KZIKb16 9.00 0 7.50 8.5 TEBNb11 9.00 0 9.00 13.4 KZASb2 8.70 +0.04 12.00 0.9 DTJLb1 8.49 -0.78 8.05 20.1 HSBKb4 8.43 +0.43 21.00 2.0 aHSBKb4 8.32 +0.16 21.00 2.0 aHSBKb10 8.20 0 6.00 7.3 KASTb1 8.00 0 11.00 2.8 BTAIb9 7.50 0 8.50 7.6 KKGBb5 7.50 0 9.50 7.2 HSBKb10 7.20 0 6.00 7.3 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 27.87 +0.40 8.00 1.4 ASBNb1 25.50 -0.50 9.00 1.5 BTASb2 16.00 0 9.00 1.8 BTASb1 15.00 0 12.00 0.6 NRBNb2 15.00 0 9.00 2.9 TEBNb2 13.00 0 11.00 0.2 aASFIb17 9.10 - 9.10 3.4 aASFIb20 8.13 - 8.14 1.0 aASFIb21 8.13 - 8.14 2.0 aASFIb19 7.96 - 7.96 1.9 aASFIb18 7.95 - 7.95 1.9 ------------------------------------------------ Instruments, indexed on change of tenge rate to euro ------------------------------------------------ aASFIb13 9.00 0 7.88 1.9 ASFIb13 9.00 0 7.88 1.9 ------------------------------------------------ Instruments, indexed on change rate of tenge against USD with protection from strengthening of tenge against USD ------------------------------------------------ KZNHb2 15.00 0 10.00 1.6 aASFIb3 14.01 +2.21 7.00 0.4 CCBNb2 14.00 0 10.00 0.7 CSBNb2 14.00 +1.00 9.50 1.9 TEBNb3 14.00 0 14.00 4.3 ASFIb3 13.00 +1.50 7.00 0.4 TEBNb15 13.00 0 9.50 7.8 KZTCb1 12.89 0 8.00 2.0 TEBNb13 12.61 0 9.00 3.8 CSBNb3 10.50 0 8.75 2.4 TEBNb16 8.50 0 8.50 8.8 ------------------------------------------------ Instruments, indexed on devaluation rate of tenge against USD and on inflation rate ------------------------------------------------ JGOKb2 10.00 -2.10 10.00 4.7 US_MER_e1 8.10 +0.02 8.40 12.5 ------------------------------------------------ Non-indexed instruments, denominated in foreign currencies ------------------------------------------------ US_JPM_e1 18.10 +0.08 16.5087 7.6 ASBNe2 13.20 0 9.00 2.4 BTASe3 12.72 +0.04 7.875 1.9 KKGBe5 12.05 +0.01 7.875 5.8 KKGBe4 11.85 +0.01 8.50 4.8 KKGBe6 10.72 +0.05 7.00 1.3 BRKZe3 8.53 +0.06 6.50 11.9 BRKZe4 8.47 -0.14 6.00 17.7 BRKZe2 7.94 +0.33 7.375 5.4 HSBKe1 7.50 0 8.125 1.2 RU_02_3003 6.12 +0.01 5.00 21.7 ATFBe2 6.00 -0.30 8.875 1.3 ATFBe4 6.00 -0.36 8.125 2.3 RU_01_2806 5.02 0 12.75 20.0 IFO bonds 3.00 0 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 the KASE main session, the speed of tenge devaluation to the US dollar during the analyzed period is estimated at 9.1 % APR. The yields indicated 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. [2008-07-10]