/KASE, September 6, 10/ - Kazakhstan Stock Exchange (KASE) Risk Committee
removed from September 6, 2010 from the KASE representative list KASE_BY,
KASE_BP and KASE_BC indices bonds KZ2C0Y03C569 (KASE official list Non-
rated Debt Securities first subcategory; LOGCb1; KZT1, KZT1.9 bn;
September 4, 07 - September 4, 10, the semi-annual coupon indexed at the
inflation rate, 8.40 % APR for the reporting coupon period; 30/360) of LOGYCOM
(Almaty) due to the circulation term expiry.
From September 6, 2010, when calculating the index KASE_BP KASE will be
used the adjustment coefficient (К), equal to 0.9997992, when calculating
KASE_BC - 0.9998499, KASE_BY - 1.1984944. Before the mentioned date (К)
for KASE_BP equaled 0.9997973, KASE_BC - 0.9998493 and 1.1984921 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 KASE published news of September 1, 2010 "BTA Bank bonds
(Kazakhstan) of five issues are removed from KASE official list due to their early
repayment through conversion to common shares from September 1" -
http://www.kase.kz/en/news/show/1114683
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
[2010-09-06]