/KASE, January 9, 2018/ – The Committee on Indices and Securities Valuation of
the Kazakhstan Stock Exchange (KASE or Exchange) as of January 8, 2018 removed
the following offerings of bonds of Mangistau Distribution Electricity Network
Company from the representative list for the corporate bonds market indices
calculation of the main market (series KASE_BM*) due to the absence of a market
maker:
- KZP06Y10B660 (KZ2C00002020, KASE main market, category "bonds", MREKb7);
- KZP07Y10B668 (KZ2C00002707, KASE main market, category "bonds", MREKb8).
According to the Methodology of Stock Market Indices Calculation (hereinafter,
the Methodology), availability of a market maker is one of the criteria for
having bonds of any denomination in the representative list of KASE_BM* series.
From January 8, 2018, representative list of KASE_BM* indices will consist of
bonds of 50 denominations.
In accordance with the Methodology, the Exchange calculates the following
corporate bonds market indices of KASE_BM* series:
- KASE_BMY – corporate bonds yield index.
- KASE_BMC – corporate bonds price index calculated according to bonds' prices
without account to accrued interest thereon (by "clear" prices).
These indicators are calculated by KASE once a day according to results of trades
in corporate bonds.
The text of the Methodology is published on KASE website at:
http://old.kase.kz/files/normative_base/indicators_met_eng.pdf
[2018-01-09]