KASE Removed Bonds of Two Issues from Indices Representative List
OREANDA-NEWS. August 11, 2011. Kazakhstan Stock Exchange (KASE) Risk Committee removed from the KASE representative list of KASE_BY, KASE_BP and KASE_BC indices the following securities, reported the press-centre of KASE:
- bonds KZ2C0Y05C101, KZ2C00000925 (CACMb1; KZT1, KZT2.7 bn, August 7, 06 - August 7, 11; semi-annual coupon 9.00 % APR; 30/360) of Central Asia Cement (Karaganda Region);
- bonds KZPC1Y05B980, KZ2C00001444 (RGBRb4; KZT1, KZT1.5 bn, August 7, 06 - August 7, 11; semi-annual coupon 8.00 % APR; 30/360) of RG Brands (Almaty).
The mentioned bonds have been removed from the KASE representative list due to circulation term expiry.
From August 8, 2011, when calculating the index KASE_BP KASE will be using the adjustment coefficient (К), equal to 0.9979609, when calculating KASE_BC - 0.9986599, KASE_BY - 1.6747957. Before the mentioned date (К) for KASE_BP equaled 0.9986299, KASE_BC - 0.9993838 and 1.6083047 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.
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