Investment attractiveness of debt instruments on KASE in February 26 - March 4, 2009

/IRBIS, Valeriy Khegay, March 5, 09/ - 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 February 26 - March 4, 2009. 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 --------------------------------------------- BTAIb12 80.00 - 7.00 7.4 BTAIb13 80.00 - 7.00 7.8 BTAIb1 72.00 - 10.00 1.8 BTAIb10 70.00 - 7.00 0.2 aBGSTb1 52.00 +3.20 10.00 3.4 aEKTNb1 52.00 +1.80 10.00 2.6 aTSASb1 52.00 +3.00 9.00 2.8 EKTNb1 52.00 +1.80 10.00 2.6 TSNAb1 52.00 +3.60 9.00 0.3 CACMb1 42.00 0 9.00 2.4 BTASb5 35.00 - 7.00 6.8 aASFIb9 32.00 0 8.00 12.2 ASFIb9 32.00 0 8.00 12.2 aASFIb8 26.00 0 6.00 2.2 ASFIb8 26.00 0 6.00 2.2 TSBNb4 25.99 +0.99 8.00 2.3 MREKb2 24.50 +0.50 13.00 1.5 RGBRb4 23.00 0 8.00 2.4 ASBNb6 22.50 0 8.50 0.1 NRBNb5 21.00 0 7.50 7.2 TEBNb12 21.00 0 9.00 1.1 TSBNb2 21.00 0 9.00 3.4 KASSb1 20.00 - 9.00 2.0 MREKb3 20.00 - 12.00 2.7 MREKb4 20.00 - 12.00 3.2 KONDb1 19.91 - 8.80 2.8 MAG_b1 19.37 +0.06 12.00 2.2 OILAb1 19.06 -0.94 13.00 2.0 KAZIb2 18.80 0 10.00 2.8 TXBNb2 18.77 -2.23 11.00 1.3 aHSBKb7 18.50 0 7.50 5.8 aHSBKb9 18.50 0 7.50 6.3 HSBKb7 18.50 0 7.50 5.8 HSBKb9 18.50 0 7.50 6.3 CSBNb6 18.26 +0.01 8.50 6.2 KKI_b1 18.00 +2.00 8.00 1.5 ORDKb2 17.93 -0.03 12.00 3.9 EXBNb1 17.00 -2.20 9.00 4.7 KSM2b1 16.00 0 12.00 1.8 TEMAb1 16.00 0 11.00 1.4 UKPFb2 16.00 - 14.00 4.7 aASNDb2 15.00 0 15.00 4.7 ASNDb2 15.00 0 15.00 4.7 CCBNb12 15.00 0 9.00 1.8 CCBNb16 15.00 0 8.00 1.2 CCBNb19 15.00 0 11.00 9.3 ORDKb1 14.05 +0.12 12.00 0.6 aASFIb10 14.00 0 7.50 7.6 aHSBKb3 14.00 0 9.00 0.3 ASFIb10 14.00 0 7.50 7.6 ASFIb12 14.00 0 7.80 10.1 EXBNb2 14.00 -3.20 9.00 3.3 HSBKb13 14.00 0 13.00 9.7 HSBKb3 14.00 0 9.00 0.3 KZIKb11 14.00 0 6.90 6.1 BTASb9 13.62 -2.38 11.00 9.3 ALLZb1 13.00 0 9.50 2.5 CTECb1 13.00 0 12.50 9.8 MREKb5 12.50 0 16.00 4.0 aAPKIb3 12.02 -0.83 12.00 2.5 aAESOb1 12.00 0 15.00 6.3 aAPKIb1 12.00 0 12.00 2.1 aAPKIb2 12.00 0 12.00 2.2 KIBNb3 12.00 0 10.00 1.4 RESCb1 12.00 0 12.00 4.8 TEBNb4 12.00 0 9.00 6.3 ALBNb2 11.80 0 12.00 2.0 Repo_CS* 11.57 +1.68 - 0-0.2 KZIKb18 11.50 0 11.00 3.8 ATFBb4 11.42 +0.67 8.50 5.7 ALTMb1 11.00 0 12.00 3.7 ASFIb22 11.00 0 11.00 9.5 PRKRb2 11.00 - 8.00 4.0 TEBNb18 11.00 0 9.00 9.9 TEBNb9 11.00 0 9.75 0.2 BTASb7 10.67 - 7.00 27.3 ASZSb1 10.55 +0.10 - 1.9 ASBNb14 10.55 +2.55 11.00 9.6 LOGCb2 10.30 0 11.00 4.8 aZERDb1 10.00 0 10.00 3.8 ZERDb1 10.00 0 10.00 3.8 ASFIb16 9.99 -0.01 12.00 14.2 ASBNb10 9.75 0 9.75 5.7 aASFIb11 9.50 0 7.50 7.6 ASFIb11 9.50 0 7.50 7.6 CCBNb18 9.50 0 13.00 13.8 RGBRb6 9.01 +0.01 8.00 5.6 aPDENb1 9.00 0 13.00 8.4 ASBNb7 9.00 0 8.50 4.4 CCBNb17 9.00 0 8.50 3.2 KKAGb4 9.00 -5.50 12.00 4.5 NRBNb7 9.00 0 11.00 4.7 RGBRb5 9.00 0 8.00 3.6 TEBNb14 9.00 0 9.50 7.1 ASBNb8 8.75 0 8.50 2.8 ASFIb15 8.50 0 12.00 14.1 MEOKAM 8.01 -0.73 4.05-8.70 0.9-5.0 ASBNb12 8.00 0 11.00 6.6 ASBNb13 8.00 0 11.00 1.6 PRKRb1 8.00 - 8.00 0.2 NRBNb6 7.66 -0.34 12.90 5.9 MEUKAM 7.52 -0.98 8.75 5.7-7.0 TSBNb7 7.50 0 7.50 18.4 ASBNb9 7.00 0 8.00 1.0 EUBNb2 7.00 0 7.50 2.8 MEKKAM. notes of NB* 6.79 - - 0.01-1.0 Repo_GS* 4.88 -1.00 - 0-7.7 --------------------------------------------- Instruments indexed to inflation rate --------------------------------------------- GLOTb2 100.00 +10.80 21.50 3.0 BTAIb6 80.00 - 10.00 1.3 BTAIb7 80.00 - 10.00 3.4 ORDBb2 80.00 +0.95 11.00 2.7 BTAIb11 72.00 - 6.30 7.4 BTAIb16 72.00 - 13.50 9.1 BTAIb2 72.00 - 14.00 5.6 BTAIb3 72.00 - 12.30 2.8 BTAIb5 72.00 - 10.00 6.2 BTAIb8 72.00 - 9.20 4.5 BTAIb9 72.00 - 8.50 7.0 BTAIb4 60.76 - 11.00 1.2 VITAb5 55.00 0 13.00 4.2 LOGCb1 52.30 +42.00 11.00 1.5 aELDSb1 52.00 +3.00 15.00 0.2 KZDKb1 51.50 +3.00 11.00 1.0 KSMKb1 50.00 0 11.00 3.0 TMLZb1 50.00 - 11.00 3.1 KSMKb2 42.00 0 11.00 3.7 VITAb4 40.00 +4.00 12.00 1.1 aASFIb5 38.50 0 12.50 0.9 ASFIb5 38.50 0 12.50 0.9 BTASb4 38.00 +1.38 12.00 5.3 TSBNb5 37.49 +4.08 10.00 5.3 DTJLb1 35.00 0 19.95 19.4 aASFIb7 33.00 0 12.50 6.3 ASFIb7 33.00 0 12.50 6.3 ELDSb1 32.79 -16.47 15.00 0.2 aASFIb4 31.00 0 14.00 2.2 ASFIb4 31.00 0 14.00 2.2 NFBNb1 30.00 0 11.00 3.6 TEBNb6 30.00 +4.04 10.00 3.8 DNBNb1 27.00 0 10.50 1.8 ASAVb2 26.00 0 9.50 1.2 CCBNb3 26.00 0 17.30 1.3 KDTSb1 26.00 +1.56 20.70 3.1 BTTRb1 25.49 +0.49 19.20 10.1 aBTTRb1 25.00 0 19.20 10.1 CSBNb7 24.98 +13.98 12.00 9.3 EUBNb3 24.41 +10.02 11.00 4.1 aASFIb6 24.00 +2.00 12.50 3.3 BTAIb14 23.60 +12.10 8.50 5.1 BTASb3 23.22 - 15.00 4.7 KKAGb1 22.65 +4.71 12.00 1.0 ASFIb6 22.00 0 12.50 3.3 KKGBb4 21.50 0 11.00 6.1 KASTb2 21.00 0 11.00 2.3 KZIKb4 20.34 +0.84 18.70 5.1 ASBNb3 20.00 0 12.00 2.7 CCBNb9 20.00 0 9.70 6.5 KZASb2 20.00 - 12.00 0.3 aCCBNb14 19.20 0 10.00 7.6 CCBNb14 19.02 0 10.00 7.6 aCBH_b1 19.01 +0.01 15.50 4.1 CSBNb5 18.75 +0.25 11.00 2.9 aHSBKb4 18.00 0 19.90 1.3 aKATRb2 18.00 0 17.00 9.4 KATRb2 18.00 0 17.00 9.4 KZIKb2 18.00 0 19.00 4.6 KKAGb3 17.82 +5.87 11.00 4.5 CSBNb4 17.75 +1.25 13.66 2.3 HSBKb4 17.48 -0.52 19.90 1.3 aHSBKb11 17.20 +0.20 6.00 7.1 HSBKb11 17.20 +0.20 6.00 7.1 CHFMb2 16.98 0 15.00 4.1 CCBNb6 16.50 0 12.00 5.8 HSBKb12 16.50 0 13.00 8.6 KZIKb3 16.50 0 19.20 5.1 KZIKb6 16.50 0 18.59 2.1 AGKKb1 16.00 0 9.00 3.4 aHSBKb8 16.00 0 10.00 6.1 HSBKb8 16.00 0 10.00 6.1 KZIKb5 16.00 +1.00 18.59 0.1 KZIKb7 15.46 -0.04 18.30 2.6 aKZIKb10 15.00 0 5.69 1.0 aKZIKb8 15.00 0 18.30 5.6 CCBNb10 15.00 0 10.00 6.6 CCBNb11 15.00 0 10.00 6.8 CCBNb13 15.00 0 10.50 7.1 CCBNb4 15.00 0 12.00 2.6 CCBNb7 15.00 0 10.00 6.2 CCBNb8 15.00 0 10.00 6.5 KZIKb10 15.00 0 5.69 1.0 KZIKb8 15.00 0 18.30 5.6 TXBNb3 15.00 +1.00 12.00 2.7 aHSBKb10 14.50 0 6.00 6.7 HSBKb10 14.50 0 6.00 6.7 aREALb1 14.00 0 12.00 4.2 ATFBb6 14.00 +3.57 10.00 5.0 KAFIb1 14.00 0 9.20 2.8 KZIKb12 14.00 0 7.50 8.1 KIBNb1 13.50 +2.00 11.00 3.8 ROSAb2 13.50 - 11.00 2.2 ATFBb5 13.00 0 11.00 3.2 HSBKb14 13.00 0 13.00 9.7 TEBNb10 13.00 0 8.50 7.7 TEBNb8 13.00 0 9.70 3.2 AKFIb1 12.00 0 12.00 0.1 DNBNb2 11.30 0 11.00 2.1 EUBNb4 11.00 0 11.00 5.5 KKAGb2 11.00 -18.29 12.00 2.1 TEBNb7 10.90 0 11.00 6.2 KKGBb6 10.50 0 7.50 8.5 KKGBb7 10.50 0 9.00 9.7 ASFIb23 10.00 0 12.00 2.5 ASFIb24 10.00 0 12.00 4.5 ERKAb1 10.00 0 19.00 4.7 SATCb1 10.00 -1.52 11.50 5.8 TSBNb6 10.00 0 10.00 6.8 ABDIb1 9.99 0 10.50 3.9 CCBNb15 9.52 0 10.00 8.2 EUBNb5 9.50 -3.96 13.00 14.5 ASAVb1 9.00 0 9.50 0.8 CCBNb20 9.00 0 12.00 14.7 KZIKb16 9.00 0 7.50 7.9 TEBNb11 9.00 0 9.00 12.8 TEBNb17 9.00 0 8.50 8.1 TKUDb1 9.00 0 15.00 2.7 MEUJKAM 8.63 - 8.63 15.0 KASTb1 8.00 0 11.00 2.2 MUIKAM 7.86 - 8.68 6.2 KKGBb5 7.50 0 9.50 6.5 KZIKb17 7.50 0 12.00 7.3 aASFIb14 6.00 0 4.28 0.5 ASFIb14 6.00 0 4.28 0.5 --------------------------------------------- Instruments indexed to change of tenge rate to USD --------------------------------------------- KKGBb2 30.72 +2.17 8.00 0.7 BTASb2 25.99 - 9.00 1.2 ASBNb1 20.00 0 9.00 0.8 NRBNb2 15.15 -6.28 9.00 2.3 aASFIb27 14.59 0 14.59 4.3 aASFIb17 9.10 0 9.10 2.7 aASFIb20 8.14 0 8.14 0.3 aASFIb21 8.14 0 8.14 1.3 --------------------------------------------- Instruments indexed to change of tenge rate to euro --------------------------------------------- aASFIb13 9.00 0 7.88 1.3 ASFIb13 9.00 0 7.88 1.3 aASFIb19 7.96 0 7.96 1.3 aASFIb18 7.95 0 7.95 1.3 --------------------------------------------- Instruments indexed to change of tenge rate against USD protected from strengthening of tenge against USD --------------------------------------------- KZNHb2 33.91 -1.25 10.00 1.0 TEBNb3 19.00 +2.00 10.00 3.6 CSBNb2 16.00 0 9.50 1.2 CSBNb3 16.00 0 8.75 1.8 CCBNb2 15.00 +2.00 10.00 0.1 PDESb1 14.00 0 9.00 1.8 TEBNb16 11.00 0 8.50 8.1 TEBNb13 9.00 0 9.00 3.1 TEBNb15 9.00 0 9.50 7.1 --------------------------------------------- Instruments indexed to devaluation rate of tenge against USD and on inflation rate --------------------------------------------- US_MER_e1 15.38 +0.05 11.04 11.9 JGOKb2 9.14 -0.07 10.00 4.1 --------------------------------------------- Non-indexed instruments denominated in foreign currencies --------------------------------------------- BTASe3 101.22 -1.68 7.875 1.2 ASBNe2 66.33 +8.75 9.00 1.7 KKGBe5 30.52 +0.65 7.875 5.1 KKGBe4 30.49 +0.67 8.50 4.1 ATFBe4 28.61 +4.95 8.125 1.7 KKGBe6 27.08 +3.53 7.00 0.7 ATFBe2 24.40 +3.79 8.875 0.7 HSBKe1 22.00 +3.41 8.125 0.6 BRKZe2 16.78 -0.04 7.375 4.7 BRKZe4 16.00 +1.49 6.00 17.1 BRKZe3 15.78 -0.24 6.50 11.3 US_JPM_e1 10.51 +0.05 10.416 7.0 --------------------------------------------- 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 6.5 % 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. [2009-03-05]