KASE changed duration of period for generation of selection of orders for market valuation of corporate bonds of 29 titles

/KASE, May 5, 14/ – Kazakhstan Stock Exchange (KASE) notifies that by the decision of Committee on Indices and Securities Valuation of May 5, 2014 were changed parameters of corporate bonds of 29 denominations for their market valuation on May 5 – 11, 2014. The market price of below bonds have been calculated considering the extension of the period of selection of orders for buying, parameters of which were used for their valuation up to 29 days, prior to the market valuation date. On bonds of Imstalcon (Almaty): - KZP01Y07D549 (KZ2C00000412, KASE official list, first sub-category of Non-Rated Debt Securities category, IMSKb1); - KZP02Y07D547 (KZ2C00000446, KASE official list, first sub-category of Non-Rated Debt Securities category, IMSKb2); - KZP01Y07D747 (KZ2C00000420, KASE official list, Rated Debt Securities category, IMSKb3); on international bonds of Alliance Bank (Almaty): - XS0496645085, XS0496645242 (KASE official list, Rated Debt Securities category, АSBNe9); - XS0496645671, XS0496645838 (KASE official list, Rated Debt Securities category, АSBNe12); - XS0496645911, XS0496646059 (KASE official list, Rated Debt Securities category, АSBNe13); on bonds of Temirbank (Almaty): - KZ2C0Y20A641 (KZ2C00001485, KASE official list, Rated Debt Securities category, TEBNb3); - KZP01Y20B553 (KZ2C00000024, KASE official list, Rated Debt Securities category, TEBNb4); - KZP01Y17B559 (KZ2C00000032, KASE official list, Rated Debt Securities category, TEBNb6); - KZP04Y19B559 (KZ2C00000040, KASE official list, Rated Debt Securities category, TEBNb7); - KZP05Y16B552 (KZ2C00000057, KASE official list, Rated Debt Securities category, TEBNb8); - KZP07Y20B550 (KZ2C00000065, KASE official list, Rated Debt Securities category, TEBNb10); - KZP08Y25B557 (KZ2C00000073, KASE official list, Rated Debt Securities category, TEBNb11); - KZP01Y13C333 (KZ2C00000099, KASE official list, Rated Debt Securities category, TEBNb12); - KZP02Y15C336 (KZ2C00000081, KASE official list, Rated Debt Securities category, TEBNb13); - KZP03Y19C336 (KZ2C00000107, KASE official list, Rated Debt Securities category, TEBNb14); - KZP04Y19C334 (KZ2C00000115, KASE official list, Rated Debt Securities category, TEBNb15); - KZP05Y20C339 (KZ000A1AT8V6, KASE official list, Rated Debt Securities category TEBNb16); - KZP06Y20C337 (KZ2C00000123, KASE official list, Rated Debt Securities category, TEBNb17); - KZP07Y10C336 (KZ2C00000461, KASE official list, Rated Debt Securities category, TEBNb18); - USY8584LAA18, US87971SAA87 (KASE official list, Rated Debt Securities category, TEBNe1); on bonds: - KZP01Y07D994 (KZ2С00001592, KASE official list, Rated Debt Securities category, AKFIb3) of AMF Group (Astana); - KZPO1Y05T319 (KZ2C00001840, KASE official list, Rated Debt Securities category, CACMb2) of Central Asia Cement (Temirtau); - KZP01Y05E368 (KZ2C00001907, KASE official list, Rated Debt Securities category, AZHKb1) of Alatau Zharyk Company (Almaty); - KZP01Y03E421 (KZ2C00001923, KASE official list, Rated Debt Securities category, ALESb1) of Almatinskie Elektricheskie Seti (Almaty); - KZP01Y05E590 (KZ2C00002483, KASE official list, Rated Debt Securities category, KTGAb1) of KazTransGas Aimak (Astana). The market price of bonds KZP01Y05D782 (KZ2C00000339, KASE official list Rated Debt Securities category, KIBNb5) is calculated taking into account the extension of the period of selection of orders for buying, parameters of which were used for their valuation up to 27 days, prior to the market valuation date. The market price of below bonds is calculated taking into account the extension of the period of selection of orders for buying, parameters of which were used for their valuation up to 26 days, prior to the market valuation date. on bonds of Delta Bank (Almaty): - on bonds KZP01Y05E178 (KZ2C00001709, KASE official list, Rated Debt Securities category, NFBNb2); - on bonds KZP02Y10E176 (KZ2C00002038, KASE official list, Rated Debt Securities category, NFBNb3); This decision was made based on sub-item 2) of item 40 of the Methodology of Securities Valuation (hereinafter – the Methodology) based on the overly high magnitude of fluctuations of prices of the said bonds during their reassessment on the fair value carried out in accordance with: - Rules of valuation of financial, instruments contained in portfolios of accumulative pension funds approved by resolution No. 109 of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations of March 26, 2005; - Rules of accounting and evaluation of pension asserts approved by resolution No. 186 of the Management Board of the National Bank of the Republic of Kazakhstan of July 26, 2013. Earlier KASE notified that by decision of KASE Management Board as of April 7, 2014 ASYL-INVEST (Almaty) was compulsorily stripped of the status of a market-maker on KASE for securities of 35 titles due to removal of this joint- stock company from participation in trades after suspension of its license by the National Bank. This circumstance has led to absence in the KASE trading system for two weeks of quotations necessary for the market valuation of the mentioned bonds. Valuation of the mentioned bonds on fair value (on discount rates) in accordance with the above-mentioned rules would lead to a change in the market price of particular securities by 50–99 % at full absence of transactions on the market, i.e. any significant grounds for such serious reassessment on the market are absent. Thus, for calculation of market price on the mentioned bonds KASE used orders submitted by the bond market-maker from March 19, 2014, except for two international bonds of Kazinvestbank, on which were used orders, submitted by the market makers from March 26, 2014 and two bonds of Delta Bank, on which were used orders, submitted by the market makers from March 27, 2014. The text of the Methodology is available on KASE website at http://www.kase.kz/files/normative_base/met_ocen_zb.pdf All persons interested with regard to the Methodology and procedure of calculating market prices can turn to KASE Information and Analysis department at tel. (727) 237 53 18, e-mail: info@kase.kz. KASE news of April 7, 2014 "ASYL-INVEST is debarred from securities trading on KASE" is available on KASE website at http://www.kase.kz/en/news/show/1216391 KASE news of April 29, 2014 "Nurbank Subsidiary MONEY EXPERTS is assigned the market maker status on KASE on Kazinvestbank bonds KZP01Y05D782 (KZ2C00000339, KIBNb5) from April 30" is available on KASE website at http://www.kase.kz/news/show/1218218 KASE news of April 29, 2014 "АО "BCC Invest - Bank CenterCredit Subsidiary as of April 29 assigned status of market-maker on KASE for securities of Delta Bank" is available on KASE website at http://www.kase.kz/en/news/show/1218184 [2014-05-05]