KASE Included Bonds of 2 Issues to KASE_B Representative List
OREANDA-NEWS. April 21, 2011. Kazakhstan Stock Exchange (KASE) Risk Committee included to the KASE representative list of KASE_BY, KASE_BP and KASE_BC indices the following bonds with parameters used in calculating the indices, reported the press-centre of KASE:
- KZP04Y10C614, KZ2C00001204 (KASE official list, first sub-category of "Non-Rated Debt Securities" category, EUBNb7; KZT100, KZT5.0 bn, January 21, 2009 - January 21, 2019; semi-annual coupon indexed at inflation rate, 8.30 % APR in the current coupon period; 30/360) of Eurasian Bank (Almaty), number of bonds placed - 12,656,600 units;
- KZP05Y20C339, KZ000A1AT8V6 (KASE official list, "Rated Debt Securities" category, TEBNb16; KZT0.01, KZT6.0 bn; April 14, 2007 - April 14, 2027, semi-annual coupon 8.00 % APR; 30/360) of Temirbank (Almaty), number of bonds placed - 553,950,441,549 units.
The restrictive coefficient on bonds previously included to the KASE representative list of KASE_BY, KASE_BP and KASE_BC indices also equals one.
From April 15, 2011, when calculating the index KASE_BP KASE will use the adjustment coefficient (К), equal to 0.9983959, when calculating KASE_BC - 0.9992447, KASE_BY - 1.5710435. Before the mentioned date (К) for KASE_BP equaled 0.9973081, KASE_BC - 0.9976717 and 1.5830202 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 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_eng.pdf
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