/KASE, January 15, 09/ - From January 19, 2009, Kazakhstan Stock Exchange
(KASE) discontinues the following bonds market valuation issued by the below
mentioned issuers in compliance with the legislation of another, other than the
Republic of Kazakhstan, states:
- bonds of JPMorgan Chase Bank, National Association (Columbus City,
Ohaio, USA) of issue XS0244509963 (US_JPM_e1, KZT13.2 bn.;
February 14, 06 - February 14, 16; the semi-annual coupon indexed on the
inflation rate in Kazakhstan);
- bonds of Merrill Lynch & Co., Inc (New-York, USA) of issue XS0240118017
(US_MER_e1, $100.0 m., January 5, 06 - January 11, 21, free floating
indexed at KZT to USD devaluation rate semi-annual coupon, depending on
the inflation rate in Kazakhstan, served in KZT at market-makers rate).
The mentioned bonds market valuation has been discontinued because
according to accessible for KASE information from December 18, 2008 took
effect resolution # 165 of the Board of the Agency of the Republic of Kazakhstan
on Regulation and Supervision of Financial Market and Financial Organizations
(AFS) of October 29, 2008, in compliance with which Rules of Financial
Instruments Valuation, Present in Accumulative Pension Funds Investment
Portfolios, approved by resolution # 109 of the AFS Board of March 26, 2005,
were supplemented by the new item, establishing that debt securities valuation,
circulating on the territory of the Republic of Kazakhstan and issued by
organization - non-residents of the Republic of Kazakhstan in compliance with
the legislation of another, other than the Republic of Kazakhstan, states within
agreements between the Government of the Republic of Kazakhstan and these
organizations, is made at the acquisition value.
We remind that KASE had to start the market value of US_JPM_e1 and
US_MER_e1 from autumn of 2008 due to the absence of regular quotations on
mentioned bonds in the Bloomberg information system, and due to the presence
of mentioned bonds in investment portfolios of accumulative pension funds of
Kazakhstan.
Earlier the news on this topic was published at
http://www.kase.kz/news/show/1059154
[2009-01-15]