KASE Removed Bonds of Two Issues from KASE_B* Indices
OREANDA-NEWS. Kazakhstan Stock Exchange (KASE) Risk Committee excluded from April 1, 2009 the following bonds from the representative list of indices KASE_BY, KASE_BP and KASE_BC due to expiry of circulation term, reported the press-centre of KASE:
- KZ2CKY07A503 (CCBNb2; KZT15,000, KZT1.5 bn.; April 1, 02 – April 1, 09, the semi-annual coupon 10.00 % APR) of Bank CenterCredit JSC (Almaty);
- KZ2CKY05B216 (KZIKb5; KZT1, KZT5.0 bn., June 1, 04 - June 1, 09, the semi-annual coupon indexed to inflation rate 18.59 % APR as for the last coupon period) of Kazakhstan Mortgage Company JSC (Almaty).
From April 1, 2009 when calculating KASE_BP index KASE will use the adjustment coefficient (К), equal to 0.9965760, KASE_BC - 1.0004173, KASE_BY - 0.9621659. Before the mentioned date К for KASE_BP equaled 0. 9989988, KASE_BC - 1. 0007757 and 0. 9633917 KASE_BY 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 limitation is made through the restrictive coefficient.
The methodology of calculation of indices is regulated by the KASE internal document "Methodology of Calculation of Stock Market Indicators", available at: http://www.kase.kz/files/normative_base/indicators_met.pdf
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