Investment attractiveness of debt instruments on KASE in November 27 - December 3, 2008

/IRBIS, Valeriy Khegay, December 4, 08/ - Below is the table that allows for comparing investment attractiveness of debt financial instruments, which were regularly traded or quoted on Kazakhstan Stock Exchange (KASE) in the period of November 27 - December 3, 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 --------------------------------------------- CACMb1 27.80 0 9.00 2.7 TSBNb4 23.00 0 8.00 2.5 ASBNb6 20.50 0 8.50 0.4 OILAb1 20.00 +1.00 13.00 2.3 MAG_b1 19.23 +0.05 12.00 2.4 aMAG_b1 19.20 +0.05 12.00 2.4 MREKb2 19.00 0 13.00 1.7 aHSBKb7 18.50 0 7.50 6.1 HSBKb7 18.50 0 7.50 6.1 KMSBb1 18.00 - 15.00 4.6 TSBNb2 18.00 0 9.00 3.7 ORDKb2 17.95 -0.01 12.00 4.2 aHSBKb9 17.00 0 7.50 6.6 HSBKb9 17.00 +7.00 7.50 6.6 BTAIb1 16.50 0 10.00 2.1 KAZIb1 16.40 0 10.00 0.2 ATFBb4 16.00 +2.00 8.50 6.0 KSM2b1 16.00 0 12.00 2.1 TEMAb1 16.00 0 11.00 1.7 CCBNb12 15.00 0 9.00 2.1 CCBNb16 15.00 0 8.00 1.5 CCBNb19 15.00 0 11.00 9.6 RESCb1 15.00 0 12.00 1.1 RGBRb4 15.00 0 8.00 2.7 aASFIb10 14.00 0 7.50 7.8 aASFIb8 14.00 0 6.00 2.4 aASFIb9 14.00 0 8.00 12.4 aEKTNb1 14.00 0 10.00 2.9 ASFIb10 14.00 0 7.50 7.8 ASFIb12 14.00 0 7.80 10.3 ASFIb8 14.00 0 6.00 2.4 ASFIb9 14.00 0 8.00 12.4 HSBKb13 14.00 - 13.00 9.9 KAZIb2 14.00 0 10.00 3.0 KZIKb11 14.00 0 6.90 6.4 TXBNb2 14.00 0 11.00 1.6 ORDKb1 13.91 +0.02 12.00 0.9 MEUJKAM 13.90 - 13.90 15.0 NRBNb7 13.63 +3.63 11.00 4.9 HSBKb3 13.17 -1.32 9.00 0.5 EXBNb2 13.09 +0.09 9.00 3.5 ASFIb16 13.00 +1.88 12.00 14.5 EXBNb1 13.00 0 9.00 4.9 NRBNb4 13.00 +4.00 8.00 0.1 TEBNb5 13.00 0 9.75 0.1 aHSBKb3 12.90 -1.60 9.00 0.5 TSBNb3 12.71 -2.79 8.00 0.2 aBGSTb1 12.50 0 10.00 3.7 MREKb5 12.50 +0.20 16.00 4.2 aAESOb1 12.00 0 15.00 6.6 aAPKIb1 12.00 0 12.00 2.4 aAPKIb2 12.00 0 12.00 2.5 aTSASb1 12.00 0 9.00 3.0 EKTNb1 12.00 -2.00 10.00 2.9 KIBNb3 12.00 0 10.00 1.7 KKI_b1 12.00 0 8.00 1.8 KRZHb1 12.00 0 14.00 2.1 NRBNb5 12.00 0 7.50 7.5 TEBNb4 12.00 0 9.00 6.6 BTASb7 11.97 +3.37 7.00 27.6 ASBNb10 11.85 +2.10 9.75 5.9 ALBNb2 11.80 0 12.00 2.3 Repo_CS* 11.58 +0.33 - 0-1.0 ALTMb1 11.00 0 12.00 3.9 ASFIb22 11.00 0 11.00 9.7 BGSTb1 11.00 - 10.00 3.7 BTASb9 11.00 0 11.00 9.5 PRKRb2 11.00 0 8.00 4.3 CSBNb6 10.84 -2.91 8.50 6.4 TSNAb1 10.70 +0.46 9.00 0.5 AKKMb1 10.50 - 9.00 1.6 ALLZb1 10.00 0 9.50 2.7 aZERDb1 10.00 0 10.00 4.1 KZIKb18 10.00 0 11.00 4.0 ZERDb1 10.00 0 10.00 4.1 BIGRb1 9.67 - 9.00 0.6 aAPKIb3 9.60 0 12.00 2.7 aASFIb11 9.50 0 7.50 7.8 ASFIb11 9.50 0 7.50 7.8 BTASb5 9.50 0 7.00 7.1 CCBNb18 9.50 0 13.00 14.0 KASSb1 9.50 0 9.00 2.2 ASZSb1 9.33 +0.08 - 2.1 RGBRb6 9.01 +0.01 8.00 5.9 aPDENb1 9.00 0 13.00 8.6 ASBNb7 9.00 0 8.50 4.6 BTAIb10 9.00 0 7.00 0.5 CCBNb17 9.00 0 8.50 3.5 MREKb4 9.00 0 12.00 3.4 RGBRb5 9.00 0 8.00 3.9 TEBNb12 9.00 0 9.00 1.4 TEBNb14 9.00 0 9.50 7.4 TEBNb9 9.00 +0.10 9.75 0.5 KKAGb4 8.98 -0.01 12.00 4.7 ASBNb8 8.75 0 8.50 3.1 ASFIb15 8.50 -0.71 12.00 14.3 ATFBb3 8.50 0 8.50 0.01 BTAIb13 8.50 0 7.00 8.1 ULBAb1 8.30 0 8.25 0.1 ASBNb12 8.00 0 11.00 6.8 ASBNb13 8.00 0 11.00 1.8 ASBNb14 8.00 0 11.00 9.8 NRBNb6 8.00 0 14.00 6.1 PRKRb1 8.00 0 8.00 0.5 МЕОКАМ 7.85 +1.98 3.35-8.75 0.1-4.9 МЕККАМ notes of NB* 7.65 +0.13 - 0.01-1.0 BTAIb12 7.50 0 7.00 7.7 TSBNb7 7.50 0 7.50 18.6 MREKb3 7.12 -1.88 12.00 3.0 ASBNb9 7.00 0 8.00 1.2 EUBNb2 7.00 0 7.00 3.0 Repo_GS* 6.83 -2.39 - 2.7-9.3 MEUKAM 6.78 -1.11 5.50-8.75 5.3-7.5 --------------------------------------------- Instruments indexed to inflation rate --------------------------------------------- DTJLb1 30.99 -1.01 19.95 19.7 KSMKb1 27.00 0 11.00 3.3 KSMKb2 27.00 0 11.00 3.9 BTAIb4 24.00 0 11.00 1.4 aBTTRb1 23.80 -2.20 19.20 10.3 VITAb4 22.04 +0.04 12.00 1.4 aASFIb7 21.00 0 12.50 6.6 ASFIb7 21.00 0 12.50 6.6 BTASb4 21.00 -2.00 12.00 5.5 ASBNb3 20.00 0 12.00 2.9 TSSMb1 20.00 -0.25 12.00 2.3 BTAIb3 19.00 0 14.00 3.0 CCBNb3 19.00 +1.66 21.00 1.5 HSBKb12 19.00 0 13.00 8.9 aHSBKb11 18.80 +0.80 6.00 7.4 HSBKb11 18.49 +0.49 6.00 7.4 aHSBKb10 18.08 +0.08 6.00 6.9 aHSBKb4 18.00 0 21.00 1.6 HSBKb10 18.00 +1.00 6.00 6.9 HSBKb4 18.00 0 21.00 1.6 KATRb2 18.00 - 17.00 9.7 VITAb5 18.00 +2.48 13.00 4.5 aASFIb4 17.00 0 14.00 2.5 aCBH_b1 17.00 0 15.50 4.3 ASFIb4 17.00 0 14.00 2.5 BTAIb2 17.00 +1.50 14.00 5.9 CHFMb2 16.98 0 15.00 4.3 BTTRb1 16.72 -9.28 19.20 10.3 BTAIb5 16.50 0 10.00 6.4 BTAIb6 16.50 0 10.00 1.5 CCBNb9 16.50 0 10.00 6.7 KZIKb2 16.50 0 19.00 4.8 aASFIb6 16.00 0 12.50 3.6 ASFIb6 16.00 0 12.50 3.6 TSBNb5 16.00 0 10.00 5.6 aASFIb5 15.50 0 12.50 1.1 ASFIb5 15.50 0 12.50 1.1 BTAIb16 15.50 0 13.50 9.3 BTAIb8 15.50 0 10.00 4.7 aCCBNb14 15.00 0 10.00 7.9 ATFBb5 15.00 -1.00 11.00 3.5 CCBNb10 15.00 0 10.00 6.9 CCBNb11 15.00 0 10.00 7.1 CCBNb13 15.00 0 10.50 7.4 CCBNb14 15.00 0 10.00 7.9 CCBNb4 15.00 0 12.00 2.8 CCBNb6 15.00 0 12.00 6.1 CCBNb7 15.00 0 10.00 6.5 CCBNb8 15.00 0 10.00 6.7 CSBNb5 15.00 0 11.00 3.1 KKAGb1 15.00 0 13.00 1.2 KZIKb3 15.00 0 19.20 5.3 KZIKb4 15.00 +1.00 18.70 5.3 KZIKb6 15.00 0 18.59 2.3 TMLZb1 15.00 0 11.00 3.3 ORNKb1 14.72 +3.93 11.00 1.8 KASTb2 14.50 0 11.00 2.6 GLOTb2 14.16 +0.96 21.50 3.3 ORDBb2 14.13 -0.78 11.00 2.9 aREALb1 14.00 0 12.00 4.5 CSBNb4 14.00 0 13.66 2.5 EUBNb3 14.00 0 11.00 4.3 KZDKb1 14.00 0 11.00 1.2 KZIKb12 14.00 0 7.50 8.4 KZIKb7 14.00 0 18.30 2.8 TEBNb17 14.00 +5.00 8.50 8.4 TXBNb3 14.00 0 12.00 2.9 aELDSb1 13.90 0 15.00 0.4 aKZIKb8 13.50 0 18.30 5.8 BTASb3 13.50 0 15.00 4.9 KZIKb8 13.50 0 18.30 5.8 ROSAb2 13.50 - 11.00 2.5 KDTSb1 13.40 0 20.70 3.3 BTLZb1 13.20 0 10.00 0.1 KAFIb1 13.00 0 9.02 3.1 KKAGb3 13.00 0 12.00 4.7 KKGBb4 13.00 0 11.00 6.3 KZIKb5 13.00 -2.00 18.59 0.3 TEBNb10 13.00 0 8.50 8.0 TEBNb8 13.00 0 9.70 3.5 aHSBKb8 12.50 0 10.00 6.4 HSBKb8 12.50 0 10.00 6.4 AKFIb1 12.00 0 12.00 0.3 aKZIKb10 12.00 0 5.69 1.2 KZIKb10 12.00 0 5.69 1.2 BTAIb14 11.50 0 8.50 5.3 KIBNb1 11.50 0 11.00 4.0 DNBNb1 11.40 0 10.50 2.1 DNBNb2 11.30 0 11.00 2.3 CSBNb7 11.00 0 12.00 9.5 ELDSb1 11.00 -2.90 15.00 0.4 EUBNb4 11.00 0 11.00 5.8 KKAGb2 11.00 0 12.00 2.3 TEBNb7 10.90 0 11.00 6.5 KARMb2 10.50 0 14.00 0.1 KKGBb6 10.50 0 7.50 8.8 KKGBb7 10.50 -1.00 9.00 9.9 NFBNb1 10.50 +1.40 11.00 3.8 TEBNb6 10.50 0 10.00 4.1 ASFIb23 10.33 +0.33 12.00 2.7 LOGCb1 10.30 0 11.00 1.8 aASAVb2 10.00 0 9.50 1.4 ASAVb2 10.00 0 9.50 1.4 ASFIb24 10.00 0 12.00 4.7 BTAIb7 10.00 0 10.00 3.6 ERKAb1 10.00 0 19.00 4.9 EUBNb5 10.00 0 13.00 14.7 SATCb1 10.00 0 12.00 6.1 TSBNb6 10.00 0 10.00 7.0 ABDIb1 9.99 +0.01 15.00 4.1 CCBNb15 9.52 0 10.00 8.4 AGKKb1 9.50 0 9.00 3.7 BTAIb11 9.50 0 3.00 7.7 ATFBb6 9.01 +0.01 10.00 5.2 ASAVb1 9.00 0 9.50 1.1 KZIKb16 9.00 0 7.50 8.1 TEBNb11 9.00 0 9.00 13.0 TKUDb1 9.00 0 15.00 2.9 KZASb2 8.70 0 12.00 0.5 BTAIb9 8.50 0 8.50 7.2 KASTb1 8.00 0 11.00 2.4 KKGBb5 7.50 0 9.50 6.8 aASFIb14 6.00 0 4.28 0.8 ASFIb14 6.00 0 4.28 0.8 --------------------------------------------- Instruments indexed to change of tenge rate to USD --------------------------------------------- KKGBb2 33.28 +0.50 8.00 1.0 ASBNb1 23.00 -1.60 9.00 1.1 BTASb1 22.49 +0.87 12.00 0.2 BTASb2 17.00 0 9.00 1.4 NRBNb2 15.00 0 9.00 2.5 aASFIb17 9.10 0 9.10 3.0 aASFIb20 8.14 0 8.14 0.6 aASFIb21 8.14 0 8.14 1.6 --------------------------------------------- Instruments indexed to change of tenge rate to euro --------------------------------------------- aASFIb13 9.00 0 7.88 1.5 ------------ ------ ------ --------- -------- ASFIb13 9.00 0 7.88 1.5 ------------ ------ ------ --------- -------- aASFIb19 7.96 0 7.96 1.5 aASFIb18 7.95 0 7.95 1.5 --------------------------------------------- Instruments indexed to change of tenge rate against USD protected from strengthening of tenge against USD --------------------------------------------- CCBNb2 16.50 0 10.00 0.3 KZNHb2 15.50 +0.50 10.00 1.2 KZTCb1 15.23 -0.04 8.00 1.6 CSBNb2 14.50 0 9.50 1.5 CSBNb3 14.50 0 8.75 2.0 PDESb1 14.00 0 9.00 2.1 TEBNb3 14.00 0 10.00 3.9 TEBNb13 9.00 0 9.00 3.4 TEBNb15 9.00 0 9.50 7.4 TEBNb16 8.50 0 8.50 8.4 --------------------------------------------- Instruments indexed to devaluation rate of tenge against USD and on inflation rate --------------------------------------------- US_MER_e1 11.54 +0.20 11.044 12.1 JGOKb2 10.00 0 10.00 4.3 --------------------------------------------- Non-indexed instruments denominated in foreign currencies --------------------------------------------- BTASe3 36.63 +8.77 7.875 1.5 ASBNe2 23.63 +9.56 9.00 2.0 ATFBe4 22.02 -0.65 8.125 1.9 KKGBe5 20.69 -1.19 7.875 5.3 KKGBe4 20.37 +4.35 8.50 4.4 KKGBe6 19.18 -2.79 7.00 0.9 BRKZe2 15.89 -1.09 7.375 4.9 BRKZe3 15.20 -0.46 6.50 11.5 HSBKe1 14.21 -0.28 8.125 0.8 ATFBe2 12.54 -6.92 8.875 0.9 BRKZe4 12.48 -1.13 6.00 17.3 US_JPM_e1 11.04 +0.04 10.416 7.2 --------------------------------------------- Yields of bonds on which deals were made have been calculated as average of deals, on the rest bonds - as an average of 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 5.1 % 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. [2008-12-04]