OREANDA-NEWS. February 02, 2009. The Risk Committee of Kazakhstan Stock Exchange (KASE) made a decision to remove beginning January 30, 2009 bonds KZ2CKY05B703 (ORNKb1; KZT100, KZT4.0 bn.; 20.09.05 - 20.09.10, semiannual coupon indexed to inflation rate, 11.00 % APR for the current coupon period) of Ornek XXI (Almaty region) from representative lists of indices KASE_BY, KASE_BP and KASE_BC due to delisting, reported the press-centre of KASE.

The decision was made because mentioned bonds were subjected to delisting.

In addition, the Risk Committee decided beginning January 30, 2009 at calculation of KASE_BP index to use adjustment coefficient (К), equal to 0.9995717, at calculation of KASE_BC - 1.0011008, at calculation of KASE_BY - 0.9995717. Before the indicated date, К for KASE_BP index was equal 0.9996475, and for KASE_BC - 1.0012483 and 0.9278552 for KASE_BY index accordingly.

KASE_BY - corporate bond yield index.

KASE_BC - corporate bond price index calculated according to the prices without account to accrued (accrued, not paid) interest thereon (by "net" prices).

KASE_BP - corporate bond price index calculated with account to all accrued interest thereon, including that not paid.

All indicated indices are calculated by KASE once a day according to results of trades in corporate bonds.

Unit weight of each denomination of bond in value of indicators is limited to fifteen percent. At that, only volume of outstanding and not redeemed bonds in accordance with documents available at KASE shall be accounted.

The methodology of calculation of indices is regulated by the KASE document  "Methodology of Calculation of Stock Market Indicators", available at: http://www.kase.kz/files/normative_base/indicators_met.pdf