/KASE, December 30, 08/ - The Risk Committee of Kazakhstan Stock Exchange
(KASE) made a decision to remove beginning December 30, 2008 the following
bonds from representative lists of indices KASE_BY, KASE_BP and KASE_BC
due to expiry of circulation term:
- KZ2CKY03B815 (KASE official list, the second sub-category of category
"Non-rated debt securities" BTLZb1; KZT100, KZT2.0 bn.; 30.12.05 -
30.12.08, annual coupon indexed to inflation rate, 10.00 % APR for the last
coupon period) of BTA ORIX Leasing (Almaty);
- KZPC1Y04B420 (KASE official list, the first sub-category of category "Non-
rated debt securities" NRBNb4; KZT100, KZT10.0 bn.; 30.12.04 - 30.12.08,
semiannual coupon, 8.00 % APR) of Nurbank (Almaty);
- KZPC2Y03B553 (KASE official list, the first sub-category of category "Non-
rated debt securities" TEBNb5; KZT1, KZT3.0 bn.; 30.12.05 - 30.12.08,
semiannual coupon, 9.75 % APR) of Subsidiary of BTA Bank JSC -
Temirbank JSC (Almaty, in the headline - Temirbank).
In addition, the Risk Committee decided beginning December 30, 2008 at
calculation of KASE_BP index to use adjustment coefficient (К), equal to
0.9992409, at calculation of KASE_BC - 1.0007661, at calculation of KASE_BY -
0.9207964. Before the indicated date, К for KASE_BP index was equal
0.9995648, and for KASE_BC - 1.0008955 and 0.9829700 for KASE_BY index
accordingly.
KASE_BY - corporate bond yield index.
KASE_BC - corporate bond price index calculated according to the prices without
account to accrued (accrued, not paid) interest thereon (by "net" prices).
KASE_BP - corporate bond price index calculated with account to all accrued
interest thereon, including that not paid.
All indicated indices are calculated by KASE once a day according to results of
trades in corporate bonds.
Unit weight of each denomination of bond in value of indicators is limited to
fifteen percent. At that, only volume of outstanding and not redeemed bonds in
accordance with documents available at KASE shall be accounted.
The methodology of calculation of indices is regulated by the KASE document
"Methodology of Calculation of Stock Market Indicators", available at:
http://www.kase.kz/geninfo/normbase/indicators_met.pdf
[2008-12-30]