Kazakhstan Approved Discount Rates for Illiquid Debt Securities
OREANDA-NEWS. January 31, 2011. As previously informed, by decision of Kazakhstan Stock Exchange (KASE) Board of Directors the following discount rates for calculation of fair value of illiquid debt securities issued by organizations - residents of the Republic of Kazakhstan and admitted to the following KASE official list categories, reported the press-centre of KASE:
- Rated Debt Securities - 8.89 % APR;
- Non-Rated Debt Securities, first sub-category - 11.26 % APR;
- Non-Rated Debt Securities, second sub-category - 49.41 % APR;
- Buffer category - 39.60 % APR.
Mentioned discount rates have been approved by the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (FSA) on January 26, 2011 and shall be applied to calculate fair value of illiquid debt securities issued by organizations - residents of the Republic of Kazakhstan from January 31, 2011.
KASE news of January 20, 2011 "KASE Board of Directors fixes 2011 discount rates for calculation of fair value of illiquid debt securities issued by organizations - residents of Republic of Kazakhstan" is available at http://www.kase.kz/en/news/show/1126902
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