/KASE, May 28, 10/ - Kazakhstan Stock Exchange (KASE) Risk Committee
removed from May 28, 2010 from the KASE list of indices KASE_BY, KASE_BP
and KASE_BC indexed at KZT to USD devaluation rate subordinated bonds
KZ2CKY07A743 (CSBNb2; KZT20,000, KZT3.1 bn; May 28, 03 - May 28, 10; the
semi-annual coupon 9.50 % APR; 30/360) of Kaspi Bank (Almaty) are removed
from KASE official list due to the circulation term expiry.
From May 28, 2010, when calculating the index KASE_BP KASE will be used the
adjustment coefficient (К), equal to 0.9993840, when calculating KASE_BC -
0.9992437, KASE_BY - 0.0015924. Till the mentioned date (К) for KASE_BP
equaled 0.9992541, KASE_BC - 0.9992324 and 1.0015934 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 23, 2010 "KASE
suspends trade in bonds of Alliance bank (Kazakhstan) and international bonds of
ALB Finance B.V. (Netherlands) April 23" -
http://www.kase.kz/en/news/show/1102193
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
[2010-05-28]