/KASE, May 6, 09/ - Kazakhstan Stock Exchange (KASE) Risk Committee
excluded from May 6, 2009 from KASE_BY, KASE_BP and KASE_BC indices
representative list bonds KZ2CKY05B182 (ELDSb1; KZT1, KZT700.0 m; May 6,
04 - May 6, 09, the semi-annual coupon indexed on the inflation rate, 15.00 %
APR; 30/360) of EL-DOS (Almaty) due to circulation period termination.
From May 6, 2009, when calculating the index KASE_BP KASE will be used the
adjustment coefficient (К), equal to 0.9979221, when calculating KASE_BC -
1.0024123, KASE_BY - 0.9662102. Till the mentioned date К for KASE_BP
equaled 0.9966094, KASE_BC - 1.0006735 and 0.9667184 for KASE_BY
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 limitation
is made through the restrictive coefficient.
Previously on this topic KASE published the news of April 10, 2009 "Bonds
KZPC3Y03B577 (ASBNb6) of Alliance Bank (Kazakhstan) are excluded fro KASE
official list due to circulation period termination" at address
http://www.kase.kz/en/news/show/1071134
The methodology of calculation of indices is regulated by the KASE internal
document "Methodology of Calculation of Stock Market Indicators", available at:
http://www.kase.kz/files/normative_base/indicators_met_eng.pdf
[2009-05-06]