09.09.2015, 02:04
KASE changes parameters of representative selection for execution of market valuation of non-indexed GS
OREANDA-NEWS. September 09, 2015. Kazakhstan Stock Exchange (KASE) announces that on
September 7, 2015 the Committee on Indices and Securities Valuation
(hereinafter – the Committee) took a decision not to take into account
parameters of the following deals concluded on September 3, 2015, when
carrying out market valuation of the government bonds of the Republic of
Kazakhstan included in the second group (hereinafter – GS):
- MEUKAM-96 of the fourth issue (KZKDKY080049) with yield 241.54 % APR in the number of two GS; - MEUKAM-156 of the second issue (KZKDKY130026) with yield 72.68 % APR in the number of one GS.
The decision was taken due to a substantial and unjustified deviation of the price and yield of the mentioned bonds from the market level, as well as due to substantial impact of those parameters on results of the market valuation. In addition we inform you that before September 1, 2015 for purposes of market valuation of GS of the first sub-group (with maturity of up to 3,500 days) parameters of deals were used concluded in them within 360 calendar days preceding the valuation date.
At that according to sub-item 2 of item 20 of the Securities valuation methodology (hereinafter – the Methodology) the Base period must include at least 25 successful days for GS included in each of the sub-groups. Due to the fact that as of September 1, 2015 the number of successful days in the Base period for carrying out market valuation of GS of the first sub-group makes up 24 days, the Committee based on sub-item 2 of item 40 of the Methodology took a decision to use for execution of market valuation of GS of a particular sub-group parameters of all deals concluded in them within the Base period 360 calendar days.
- MEUKAM-96 of the fourth issue (KZKDKY080049) with yield 241.54 % APR in the number of two GS; - MEUKAM-156 of the second issue (KZKDKY130026) with yield 72.68 % APR in the number of one GS.
The decision was taken due to a substantial and unjustified deviation of the price and yield of the mentioned bonds from the market level, as well as due to substantial impact of those parameters on results of the market valuation. In addition we inform you that before September 1, 2015 for purposes of market valuation of GS of the first sub-group (with maturity of up to 3,500 days) parameters of deals were used concluded in them within 360 calendar days preceding the valuation date.
At that according to sub-item 2 of item 20 of the Securities valuation methodology (hereinafter – the Methodology) the Base period must include at least 25 successful days for GS included in each of the sub-groups. Due to the fact that as of September 1, 2015 the number of successful days in the Base period for carrying out market valuation of GS of the first sub-group makes up 24 days, the Committee based on sub-item 2 of item 40 of the Methodology took a decision to use for execution of market valuation of GS of a particular sub-group parameters of all deals concluded in them within the Base period 360 calendar days.
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