KASE Includes Bonds of 5 Issues into Representative List
OREANDA-NEWS. May 20, 2009. The Risk Committee of Kazakhstan Stock Exchange (KASE) included into representative lists of KASE_BY, KASE_BP and KASE_BC the following bonds with corresponding parameters used at calculation of indexes, reported the press-centre of KASE:
- bonds KZP04Y10C960, trade code - ASBNb14, outstanding bonds - 2,652,400, restrictive coefficient - 1.0000000;
- bonds KZP02Y10C725, trade code - KKGBb7, outstanding bonds - 100,000, restrictive coefficient - 1.0000000;
- bonds KZPC2Y05C333, trade code - TEBNb13, outstanding bonds - 439,611, restrictive coefficient - 1,0000000;
- bonds KZPC4Y09C331, trade code - TEBNb15 outstanding bonds - 865,862, restrictive coefficient - 1.0000000;
- bonds KZPC6Y10C334, trade code - TEBNb17, outstanding bonds - 1,500,000, restrictive coefficient - 1.0000000.
Restrictive coefficient on bonds earlier included into representative list KASE_BY, KASE_BP and KASE_BC as well equals one.
Beginning May 15, 2009 at calculation of KASE_BP KASE index KASE will use adjustment coefficient (К), equal 0.9979128, at calculation of KASE_BC - 1.0022818, KASE_BY - 0.9770909. Before the date К for KASE_BP index equaled 0.9979221, for KASE_BC - 1.0024123 and 0.9662102 for KASE_BY correspondingly.
With account to the included bonds representative list of KASE_BY, KASE_BP and KASE_BC has 180 bonds.
KASE_BY - corporate bond yield index.
KASE_BC - corporate bond price index, calculated on prices without account to accrued (accumulated, not paid) interest thereon (on "net" prices).
KASE_BP - corporate bond price index, calculated with account to all accrued interest, including that not paid.
All the indexes are calculated by KASE once a day after trade in corporate bonds.
Ratio of bond price is limited by fifteen percent. At that only outstanding not redeemed bonds are taken into account according to the documents available to KASE. Restriction is made through a restrictive coefficient mentioned above.
The Methodology of index calculation is regulated by the KASE internal document "Methodology of Stock Market Indicators Calculation", which is available at the KASE website at: http://www.kase.kz/files/normative_base/indicators_met_eng.pdf
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