/KASE, August 8, 12/ - Kazakhstan Stock Exchange (KASE) Committee on
Indices and Securities valuation from August 8, 2012 removed from the
representative list of indices KASE_BY, KASE_BP and KASE_BC bonds
KZ2CKY07B626 (KZ000A0TZYG2, KASE official list, first sub-category of Non-
Rated Debt Securities category, TSBNb2; KZT1, KZT3.0 bn; August 8, 2005 -
August 8, 2012; semi-annual coupon 9.00 % APR; 30/360) of JSC "Tsesnabank"
(Astana) due to circulation term expiry.
From August 8, 2012, when calculating the index KASE_BP KASE will use the
adjustment coefficient (К), equal to 0.9966559, when calculating KASE_BC -
0.9950085, KASE_BY - 1.6074511. Before the mentioned date (К) for KASE_BP
equaled to 0.9997085, KASE_BC - 0.9993138 and 1.6074616 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 piece of KASE news of August 8, 2012 "Bonds
KZ2CKY07B626 (KZ000A0TZYG2, TSBNb2) of Tsesnabank (Kazakhstan)
removed from KASE official list due to circulation term expiry "
http://www.kase.kz/en/news/show/1172186
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
[2012-08-08]