Investment attractiveness of debt instruments on KASE in period of September 4 - 10, 2008

/IRBIS, Valeriy Khegay, September 11, 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 September 4 - 10, 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 ------------------------------------------------- MAG_b1 22.05 +2.47 12.00 2.7 ASBNb6 20.50 0 8.50 0.6 aMAG_b1 20.35 +1.74 12.00 2.7 CACMb1 19.73 +0.07 9.00 2.9 MREKb2 19.00 0 13.00 2.0 ORDKb2 17.91 -0.09 12.00 4.4 TSBNb4 17.00 0 8.00 2.8 KAZIb1 16.40 0 10.00 0.4 TEMAb1 16.00 0 11.00 1.9 TSBNb2 16.00 0 9.00 3.9 aAESOb1 15.00 0 15.00 6.8 RESCb1 15.00 -2.00 12.00 1.3 TSBNb3 15.00 0 8.00 0.4 TXBNb2 15.00 0 11.00 1.8 ORDKb1 14.79 -1.21 12.00 1.1 NRBNb4 14.50 0 8.00 0.3 aASFIb10 14.00 0 7.50 8.1 aASFIb8 14.00 0 6.00 2.7 aASFIb9 14.00 0 8.00 12.7 aEKTNb1 14.00 0 10.00 3.1 ASFIb10 14.00 0 7.50 8.1 ASFIb12 14.00 0 7.80 10.6 ASFIb16 14.00 0 12.00 14.7 ASFIb8 14.00 0 6.00 2.7 ASFIb9 14.00 0 8.00 12.7 ATFBb4 14.00 0 8.50 6.2 BTAIb1 14.00 0 10.00 2.3 KAZIb2 14.00 0 10.00 3.2 KZIKb11 14.00 0 6.90 6.6 EXBNb1 13.50 +0.50 9.00 5.2 CSBNb6 13.25 -0.92 8.50 6.7 EXBNb2 13.12 +0.12 9.00 3.7 HSBKb3 13.00 0 9.00 0.8 RGBRb4 13.00 0 8.00 2.9 TEBNb12 13.00 0 9.00 1.6 TEBNb14 13.00 0 9.50 7.6 TEBNb5 13.00 0 9.75 0.3 aHSBKb3 12.80 0 9.00 0.8 HSBKb9 12.70 0 7.50 6.8 aHSBKb9 12.60 0 7.50 6.8 aBGSTb1 12.50 0 10.00 3.9 ATFBb3 12.39 -0.11 8.50 0.2 KKI_b1 12.07 -0.02 8.00 2.0 aAPKIb1 12.00 0 12.00 2.6 aAPKIb2 12.00 0 12.00 2.7 aTSASb1 12.00 0 9.00 3.3 HSBKb7 12.00 +1.00 7.50 6.3 KIBNb3 12.00 0 10.00 1.9 KRZHb1 12.00 0 14.00 2.3 MREKb5 12.00 0 16.00 4.4 NRBNb5 12.00 0 7.50 7.7 TEBNb4 12.00 0 9.00 6.8 aHSBKb7 11.90 0 7.50 6.3 ALBNb2 11.80 0 12.00 2.5 ALTMb1 11.00 0 12.00 4.1 ASFIb22 11.00 - 11.00 10.0 CCBNb12 11.00 0 9.00 2.3 CCBNb19 11.00 0 11.00 9.8 PRKRb2 11.00 0 8.00 4.5 BTASb9 10.98 -0.02 11.00 9.8 TSNAb1 10.70 0 9.00 0.8 ALLZb1 10.00 0 9.50 3.0 aZERDb1 10.00 0 10.00 4.3 ZERDb1 10.00 0 10.00 4.3 ASBNb10 9.75 0 9.75 6.2 МЕОКАМ 9.71 +1.28 5.60 2.1 aASFIb11 9.50 -1.00 7.50 8.1 ASFIb11 9.50 -2.21 7.50 8.1 CCBNb18 9.50 0 13.00 14.2 KASSb1 9.50 0 9.00 2.4 aPDENb1 9.00 0 13.00 8.8 ASBNb7 9.00 0 8.50 4.9 BTAIb10 9.00 0 7.00 0.7 CCBNb17 9.00 0 8.50 3.7 MREKb3 9.00 0 12.00 3.2 MREKb4 9.00 0 12.00 3.6 NRBNb6 9.00 0 14.00 6.4 RGBRb5 9.00 0 8.00 4.1 RGBRb6 9.00 0 8.00 6.1 TEBNb9 9.00 0 9.75 0.7 Repo_CS* 8.86 -1.17 - 0-1.0 ASBNb8 8.75 0 8.50 3.3 ASFIb15 8.50 -1.67 12.00 14.5 BTAIb13 8.50 0 7.00 8.3 BTASb5 8.50 0 7.00 7.3 ULBAb1 8.30 0 8.25 0.3 EUBNb1 8.00 0 6.50 0.2 PRKRb1 8.00 0 8.00 0.7 BTASb7 7.68 -0.92 7.00 27.8 BTAIb12 7.50 0 7.00 7.9 TSBNb7 7.50 0 7.50 18.8 ASBNb9 7.00 0 8.00 1.5 CCBNb16 7.00 0 8.00 1.7 EUBNb2 7.00 0 7.00 3.3 KZIKb18 6.80 +0.54 11.00 4.2 Notes of NB* 5.92 -0.78 - 0.1-1.0 Repo_GS* 3.30 -0.75 - 0-3.8 ------------------------------------------------- Instruments, indexed on inflation rate ------------------------------------------------- DTJLb1 24.78 -6.25 19.95 19.9 ASBNb3 20.00 0 12.00 3.1 MEUJKAM 19.82 - 20.08 9.7 ORNKb1 19.03 -6.00 11.00 2.0 KSMKb1 19.00 0 11.00 3.5 VITAb4 19.00 0 12.00 1.6 KZIKb3 18.60 0 16.70 5.6 KZIKb4 18.60 0 16.20 5.6 MUIKAM 18.57 - 20.13-20.57 5.4-6.6 KZIKb6 18.20 0 16.09 2.6 KZIKb2 18.15 0 16.50 5.1 BTAIb4 18.00 -0.45 11.00 1.7 BTTRb1 17.82 +0.19 19.20 10.6 KZIKb7 17.60 0 15.80 3.1 aASFIb4 17.00 0 14.00 2.7 aBTTRb1 17.00 -2.60 19.20 10.6 aCBH_b1 17.00 0 15.50 4.6 ASFIb4 17.00 0 14.00 2.7 BTASb4 17.00 -1.00 12.00 5.8 CHFMb2 16.98 0 15.00 4.6 BTAIb6 16.50 0 10.00 1.8 aASFIb6 16.00 0 12.50 3.8 aASFIb7 16.00 0 12.50 6.8 aKZIKb10 16.00 0 5.69 1.5 aKZIKb8 16.00 0 15.80 6.1 ASFIb6 16.00 0 12.50 3.8 ASFIb7 16.00 0 12.50 6.8 KZIKb10 16.00 0 5.69 1.5 TSBNb5 16.00 0 10.00 5.8 VITAb5 16.00 0 13.00 4.7 KZIKb8 15.60 -1.10 15.80 6.1 aASFIb5 15.50 0 12.50 1.4 ASFIb5 15.50 0 12.50 1.4 BTAIb16 15.50 0 13.50 9.6 aCCBNb14 15.00 0 10.00 8.1 BTAIb2 15.00 0 14.00 6.1 BTAIb5 15.00 -0.14 10.00 6.7 BTAIb8 15.00 0 10.00 5.0 CCBNb14 15.00 0 10.00 8.1 CCBNb3 15.00 0 21.00 1.7 CCBNb6 15.00 0 12.00 6.3 GLOTb2 15.00 0 20.20 3.5 KKAGb3 14.70 -0.80 12.00 5.0 BTAIb3 14.50 0 14.00 3.3 CCBNb9 14.50 0 10.00 6.9 KKAGb1 14.50 0 13.00 1.4 aHSBKb10 14.03 +0.02 6.00 7.2 aREALb1 14.00 0 12.00 4.7 CSBNb5 14.00 0 11.00 3.4 KZDKb1 14.00 0 11.00 1.5 KZIKb12 14.00 0 7.50 8.6 TXBNb3 14.00 0 12.00 3.1 aELDSb1 13.90 0 15.00 0.7 ELDSb1 13.90 0 15.00 0.7 aHSBKb11 13.53 +0.02 6.00 7.6 HSBKb11 13.52 +0.01 6.00 7.6 BTASb3 13.50 0 15.00 5.2 CSBNb4 13.50 0 12.46 2.7 ROSAb2 13.50 0 11.00 2.7 KDTSb1 13.40 0 20.10 3.6 NFBNb1 13.40 -0.20 11.00 4.1 BTLZb1 13.20 0 10.00 0.3 ASFIb23 13.00 - 12.00 3.0 CCBNb4 13.00 0 12.00 3.0 CCBNb7 13.00 0 10.00 6.7 CCBNb8 13.00 0 10.00 6.9 KAFIb1 13.00 0 9.02 3.3 KKGBb4 13.00 0 11.00 6.5 TEBNb10 13.00 0 8.50 8.2 TEBNb17 13.00 0 8.50 8.6 TEBNb8 13.00 0 9.70 3.7 TMLZb1 12.86 - 11.00 3.6 ORDBb2 12.50 -0.52 11.00 3.2 TSSMb1 12.50 0 12.00 2.6 HSBKb10 12.02 +0.01 6.00 7.2 KIBNb1 11.50 0 11.00 4.2 DNBNb1 11.40 0 10.50 2.3 DNBNb2 11.30 0 11.00 2.6 ATFBb5 11.00 0 11.00 3.7 CSBNb7 11.00 0 12.00 9.7 EUBNb3 11.00 0 11.00 4.6 EUBNb4 11.00 -1.25 11.00 6.0 HSBKb12 11.00 0 13.00 9.1 TEBNb7 10.90 0 11.00 6.7 CCBNb10 10.50 0 10.00 7.1 KARMb2 10.50 0 14.00 0.3 KASTb2 10.50 0 11.00 2.8 KKAGb2 10.50 0 12.00 2.6 KKGBb6 10.50 0 7.50 9.0 KZIKb5 10.50 +0.45 16.09 0.6 TEBNb6 10.50 0 10.00 4.3 LOGCb1 10.30 0 11.00 2.0 aASAVb2 10.00 0 9.50 1.6 ASAVb2 10.00 0 9.50 1.6 ASFIb24 10.00 - 12.00 5.0 BTAIb7 10.00 0 10.00 3.8 CCBNb11 10.00 0 10.00 7.3 SATCb1 10.00 0 12.00 6.3 TSBNb6 10.00 0 10.00 7.3 ABDIb1 9.97 -0.01 15.00 4.3 aHSBKb8 9.70 0 10.00 6.6 HSBKb8 9.70 0 10.00 6.6 CCBNb15 9.52 0 10.00 8.6 AGKKb1 9.50 0 9.00 3.9 BTAIb11 9.50 0 3.00 7.9 BTAIb14 9.50 0 8.50 5.6 CCBNb13 9.50 0 10.50 7.6 AKFIb1 9.00 0 12.00 0.6 ASAVb1 9.00 0 9.50 1.3 ATFBb6 9.00 0 10.00 5.5 KSMKb2 9.00 0 11.00 4.2 KZIKb16 9.00 0 7.50 8.4 TEBNb11 9.00 0 9.00 13.2 TKUDb1 9.00 0 15.00 3.2 KZASb2 8.70 0 12.00 0.8 KASTb1 8.00 0 11.00 2.7 BTAIb9 7.50 -0.14 8.50 7.5 KKGBb5 7.50 0 9.50 7.0 HSBKb4 7.46 -0.11 21.00 1.8 aHSBKb4 7.43 -0.11 21.00 1.8 aASFIb14 6.00 0 3.94 1.0 ASFIb14 6.00 0 3.94 1.0 ------------------------------------------------- Instruments, indexed on change of tenge rate to USD ------------------------------------------------- KKGBb2 31.48 +5.10 8.00 1.2 ASBNb1 23.50 0 9.00 1.3 BTASb1 16.52 +1.52 12.00 0.4 BTASb2 16.00 0 9.00 1.6 NRBNb2 15.00 0 9.00 2.8 aASFIb17 9.10 0 9.10 3.2 aASFIb20 8.14 0 8.14 0.8 aASFIb21 8.14 0 8.14 1.8 ------------------------------------------------- Instruments, indexed on change of tenge rate to euro ------------------------------------------------- aASFIb13 9.00 0 7.88 1.7 ------------ ------ ----- ----------- ------- ASFIb13 9.00 0 7.88 1.7 ------------ ------ ----- ----------- ------- aASFIb19 7.96 0 7.96 1.7 aASFIb18 7.95 0 7.95 1.7 ------------------------------------------------- Instruments, indexed on change rate of tenge against USD with protection from strengthening of tenge against USD ------------------------------------------------- aASFIb3 16.00 0 7.00 0.2 ASFIb3 16.00 0 7.00 0.2 KZNHb2 15.00 +0.10 10.00 1.4 CCBNb2 14.00 0 10.00 0.6 CSBNb2 14.00 0 9.50 1.7 TEBNb3 14.00 0 14.00 4.1 KZTCb1 13.34 0 8.00 1.9 TEBNb15 13.00 0 9.50 7.6 TEBNb16 12.96 +4.46 8.50 8.6 TEBNb13 12.59 0 9.00 3.6 PDESb1 12.00 - 9.00 2.3 CSBNb3 10.50 0 8.75 2.2 ------------------------------------------------- Instruments, indexed on devaluation rate of tenge against USD and on inflation rate ------------------------------------------------- US_MER_e1 23.23 +0.12 24.02 12.3 JGOKb2 10.00 0 10.00 4.6 ------------------------------------------------- Non-indexed instruments, denominated in foreign currencies ------------------------------------------------- US_JPM_e1 16.71 +0.03 16.509 7.4 ASBNe2 13.20 0 9.00 2.2 BTASe3 13.16 +0.05 7.875 1.7 KKGBe5 12.15 +0.01 7.875 5.6 KKGBe4 11.96 +0.02 8.50 4.6 KKGBe6 11.24 +0.06 7.00 1.2 BRKZe4 9.11 +0.04 6.00 17.5 BRKZe3 9.01 0 6.50 11.7 BRKZe2 8.42 0 7.375 5.2 HSBKe1 7.50 0 8.125 1.1 RU_02_3003 6.72 +0.27 5.00 21.6 ATFBe2 6.00 0 8.875 1.2 ATFBe4 6.00 0 8.125 2.1 RU_01_2806 5.01 0 12.75 19.8 IFO bonds 3.01 0 4.38-5.50 4.0-5.2 ------------------------------------------------- Yields of bonds on which deals were made have been calculated as average of deals, on the rest bonds - as average of the bid quotes. 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 4.1 % 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. [2008-09-11]