KASE Included Sberbank (Kazakhstan) Bonds to Representative List
OREANDA-NEWS. March 21, 2012. Kazakhstan Stock Exchange (KASE) Risk Committee included to the KASE representative list of KASE_BY, KASE_BP and KASE_BC indices bonds KZP01Y07E018 (KZ2C00001725, KASE official list Rated Debt Securities, TXBNb6; KZT1, KZT20.0 bn, February 3,12 - December 23, 18; semi-annual coupon, 7.00 % APR; 30/360) of Subsidiary Bank Sberbank of Russia (Almaty), the number of bonds placed - 10,000,000,000 units, reported the press-centre of KASE.
The restrictive coefficient on bonds previously included to the KASE representative list of KASE_BY, KASE_BP and KASE_BC indices equals one.
From March 15, 2012, when calculating the index KASE_BP KASE will use the adjustment coefficient (К), equal to 1.9978647, when calculating KASE_BC - 0.9993441, KASE_BY - 1.6950085. Before the mentioned date (К) for KASE_BP equaled 0.9978022, KASE_BC - 0.9992432 and 1.6888419 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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