KASE Removes from KASE_B* Representative List Bonds of Two Issues
OREANDA-NEWS. December 28, 2010. Kazakhstan Stock Exchange (KASE) Risk Committee has removed from the representative list of KASE_BY, KASE_BP and KASE_BC indices the following debt securities, effective from December 27, 2010:
- bonds KZ2C0Y07A861 (BTAIb1; KZT10,000, KZT500.0 m; December 26, 2003 - December 26, 2010, three-month coupon with floating rate, 10.00 % APR for the last coupon period; 30/360) of Subsidiary hypothecary organization of BTA Bank joint-stock company BTA Ipoteka (Almaty);
- bonds KZPC5Y05B650 (CCBNb12; KZT100, KZT5.0 bn; December 27, 2005 - December 27, 2010, semi-annual coupon 9.00 % APR; 30/360) of Bank CenterCredit (Almaty).
The mentioned bonds have been removed from KASE_B* series representative list due to circulation term expiry.
From December 27, 2010, when calculating the KASE_BP index, KASE will be using the adjustment coefficient (K), equal to 1.0030262, when calculating KASE_BC - 1.0101333, KASE_BY - 1.4806921. Before the mentioned date, (K) for KASE_BP equaled 1.0030138, KASE_BC - 1.0101236 and 1.4806921 for 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 taken into account. The limitation is made through the restrictive coefficient.
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