/KASE, May 2, 12/ - Kazakhstan Stock Exchange (KASE) Risk Committee from
May 2, 2012 removed from the representative list of indices KASE_BY,
KASE_BP and KASE_BC bonds KZPC3Y05B663 (KZ2C00001105, KASE official list,
Rated Debt Securities category, MREKb4; KZT1, KZT500 m; May 2, 2007 -
May 2, 2012; annual coupon 12.00 % APR in the last coupon period;
30/360) of JSC "Mangistau Electricity Distribution Network Company"
(Aktau) have been removed from KASE official list due to the circulation term
expiry.
From May 2, 2012, when calculating the index KASE_BP KASE will use the
adjustment coefficient (К), equal to 0.9981698, when calculating KASE_BC -
0.9985500, KASE_BY - 1.6989615. Before the mentioned date (К) for
KASE_BP equaled to 0.9978592, KASE_BC - 0.9993423 and 1.6948967 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, but 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 of the indicated indices are calculated by KASE once a day according to
results of trades in corporate bonds.
The 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.
Earlier there was a related piece of KASE news of May 2, 2012 "Bonds
KZPC3Y05B663 (KZ2C00001105, MREKb4) of Mangistau Electricity Distribution
Network Company (Kazakhstan) removed from KASE official list
due to circulation term expiry", at
http://www.kase.kz/news/show/1166260
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
[2012-05-02]