KASE Includes Bonds of Three Issues to KASE_B* Index
OREANDA-NEWS. July 22, 2010. The Risk Committee of Kazakhstan Stock Exchange (KASE) included into representative indexes KASE_BY, KASE_BP and KASE_BC the following bonds with corresponding parameters applied at index calculation, reported the press-centre of KASE:
- KZP01Y03C995 (KASE, first subcategory of Non-rated debt securities, APKIb1; KZT1,000, KZT5.0 bn; 11.04.08 - 11.04.11; monthly coupon 12.00 % APR; 30/360) of Corporation AIC-Invest (Astana), outstanding bonds - 3,813,598;
- KZP03Y03C991 (KASE, first subcategory of Non-rated debt securities, APKIb3; KZT1,000, KZT10.0 bn; 29.08.08 - 29.08.11; monthly coupon 12.00 % APR; 30/360)of Corporation AIC-Invest, outstanding bonds - 9,982,694;
- KZP04Y10B467 (KASE, first subcategory of Non-rated debt securities, CSBNb8; KZT100; KZT6.0 bn; 01.07.09 - 01.07.19, semiannual coupon indexed to inflation rate, 9.00 % APR as for the current coupon period, 30/360) of Kaspi Bank (Almaty), outstanding bonds - 9,300,000.
The restrictive coefficient on the bonds included to representative list of indexes KASE_BY, KASE_BP and KASE_BC equals to one.
Beginning July 15, 2010 at calculation of index KASE_BP KASE will apply adjustment coefficient (К), equal to 0.9998732, at calculation of KASE_BC - 0.9997741, KASE_BY - 1.0146800. Before the date, К for index KASE_BP was equal to 0.9997186, for KASE_BC - 0.9994566 and 1.0095144 for KASE_BY accordingly.
KASE_BY - corporate bond yield index.
KASE_BC - corporate bond price index, calculated based on prices without account of accrued (accrued, but not paid) interest thereon (on "net" prices).
KASE_BP - corporate bond price index, calculated with account to all accrued interest thereon, including that not paid.
All indexes are calculated by KASE once a day after trade in corporate bonds.
Weight of a bond is limited with fifteen percent. At that only volume of placed and unredeemed bonds according to documents available on KASE shall be taken into account. Restriction is effected through a restriction coefficient.
The Methodology of index calculation is regulated with the KASE internal document "Stock market indicator calculation methodology", available at the KASE website at http://www.kase.kz/files/normative_base/indicators_met_eng.pdf
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