KASE Included into Representative List Bonds of 4 Issue
OREANDA-NEWS. On May 15, 2008 The Risk Committee of Kazakhstan Stock Exchange Inc. (KASE) included, beginning May 15, 2008 into the representative list of indices KASE_BY, KASE_BP and KASE_BC, the following bonds with the corresponding parameters, used at indices calculation, reported the press-centre of KASE:
- bonds of Eximbank Kazakhstan JSC of the second issue (IEI - KZP02Y05C295, trading code - EXBNb2), number of placed bonds - 15 044 000 units, the limiting coefficient - 1.000000;
- bonds of KSMK - 3 LLP of the second issue (IEI - KZPP1Y05C357, trading code - KSMKb2), number of placed bonds - 1 294 800 units, the limiting coefficient - 1.000000;
- bonds of RG Brands JSC of the fifth issue (IEI - KZPC2Y05B988, trading code - RGBRb5), number of placed bonds -1 500 000 000 units, the limiting coefficient - 1.000000;
- bonds of RG Brands JSC of the sixth issue (IEI - KZPC3Y07B982, trading code - RGBRb6), number of placed bonds -2 000 000 000 units, the limiting coefficient - 1.000000.
In addition, from May 15, 2008, at calculation of KASE_BP index the Exchange will use the (E) adjustment coefficient, equal to 1.0013613, at calculation of KASE_BC – 1,0018374, KASE_BY – 0,9650289. Until the mentioned date K for KASE_BP index was equal to 1,0013683, KASE_BC – 1,0018523 and 0.9668299 for KASE_BY accordingly.
KASE_BY reflects the weighted average (through the issue volume) yield of corporate bonds of the KASE category "A" securities official list, calculated on deals of the last efficient for each bond, included into the representative list of the day
KASE_BP - the index of prices of corporate bonds from the category "A" official list, calculated considering the accrued interest on them, including unpaid ("dirty" prices index)
KASE_BC - the index of corporate bonds from the category "A" official list, calculated on "net" prices (prices with no account of the accumulated interest, reflected in percentage to a security face value).
All mentioned indices are calculated by KASE once a day based on results of trades in corporate bonds.
The unit weight of bonds price of each denomination in the indices value is limited by fifteen percent. Given this, is considered only the volume of placed and not re- purchased by the issuer bonds in compliance with documents available on KASE. The limitation is implemented through the above-mentioned limiting coefficient.
The indices calculation methodology is regulated by the KASE internal document Methods of Stock Market Indices Calculation, available at http://www.kase.kz/geninfo/normbase/indicators_met.pdf
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