KASE put amendments and modifications into Deals Value and Yield Estimation Methodology

/IRBIS, July 25, 01/ - According to decision of the Board, Kazakhstan Stock Exchange (KASE) introduced amendments and modifications into internal regulative document, Deals Value and Yield Estimation Methodology (the Methodology). The amendments were put in force on July 23, 2001. The most significant changes relate are following: The estimation of yields for MEOKAM and MEAKAM will be based on actual/365 time basis (actual days to maturity and 365 basis days). At this, the estimation of first coupon yield and following odd coupon periods will be made using 182 day-basis, correspondingly for second and other even coupon periods - 183 day-basis (actual/182-183). Coupon yield for each coupon period is estimated as quotient from division of annul coupon rate and basis ratio. The estimation of yield over coupon bonds of the municipal authorities will be made according the terms and conditions the bonds emission. New wording of the Methodology is presented at: http://www.kase.kz/GenInfo/NormBase/bond_met.asp.