/KASE, May 19, 14/ – Kazakhstan Stock Exchange (KASE) notifies you that
following a decision of the Committee on Indices and Securities Valuation of May
12, 2014 parameters of corporate bonds of 29 titles were changed for market
valuation for the period from May 19 to 25, 2014.
The market price of the following bonds was calculated taking into account the
extension of the selection period for purchase orders, whose parameters are
used for the valuation to:
32 working days preceding the date of market valuation, from March 31, 2014,
on bonds:
- KZP01Y05E368 (KZ2C00001907, KASE official list, Rated Debt Securities
category, AZHKb1) of Alatau Zharyk Company (Almaty);
- KZPO1Y05T319 (KZ2C00001840, KASE official list, Rated Debt Securities
category, CACMb2) of Central Asia Cement (Temirtau);
31 working day preceding the date of market valuation, from April 1, 2014, 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);
30 working day preceding the date of market valuation, from April 2, 2014, 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 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);
29 working day preceding the date of market valuation, from April 3, 2014, on
bonds:
- 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);
28 working day preceding the date of market valuation, from April 4, 2014, on
bonds:
- KZP01Y07D994 (KZ2С00001592, KASE official list, Rated Debt Securities
category, AKFIb3) of AMF Group (Astana);
The market price of international bonds XS0495756370 (XS0495756453, KASE
official list, Rated Debt Securities category, ASBNe11) of Alliance Bank
(Almaty) is calculated considering the reduced period of selection of purchase
and sale orders fixed in Bloomberg information system whose parameters were
used for their valuation, to four working days.
This decision was taken 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 four – five weeks of quotations necessary for the market
valuation of the said bonds.
Valuation of the said 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 the last
10 consecutive orders submitted by the bond market-maker from dates
mentioned earlier, except for international bonds of Alliance Bank JSC, on which
orders fixed in Bloomberg information system within four days were used.
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 item of May 6, 2014 "Private Asset Management is assigned the
market maker status on KASE on Alliance Bank bonds of five issues from May 11"
is available on KASE website at
http://www.kase.kz/en/news/show/1218858
KASE news item of May 4, 2014 "Private Asset Management is assigned the
market maker status on KASE on bonds of Imstalcon from May 6" is available on
KASE website at
http://www.kase.kz/en/news/show/1218486
KASE news item of April 30, 2014 "ZIM Capital is assigned the market maker
status on KASE on Temirbank bonds of fifteen issues from May 6" is available on
KASE website at
http://www.kase.kz/en/news/show/1218397
KASE news item of May 4, 2014 "BCC Invest - Bank CenterCredit Subsidiary is
assigned the market maker status on KASE on bonds KZP01Y03E421
(KZ2C00001923, ALESb1) of Almatinskie Elektricheskie Seti from May 5" is
available on KASE website at
http://www.kase.kz/en/news/show/1218484
KASE news item of April 30, 2014 "Bank CenterCredit Subsidiary - BCC Invest is
assigned the market maker status on KASE on bonds KZP01Y05E590
(KZ2C00002483, KTGAb1) of KazTransGas Aimak from May 5" is available on
KASE website at
http://www.kase.kz/en/news/show/1218396
KASE news item of April 30, 2014 "Alibi Securities is assigned the market maker
status on KASE on bonds KZP01Y07D994 (KZ2C00001592, AKFIb3) of AMF
Group from May 4" is available on KASE website at
http://www.kase.kz/en/news/show/1218392
[2014-05-19]