/KASE, January 20, 12/ - Kazakhstan Stock Exchange (KASE) Risk Committee from January 20, 2012 removed from the representative list of indices KASE_BY, KASE_BP and KASE_BC bonds KZPC1Y07B465 (KZ2C00001386, KASE official list, first sub-category of Non-Rated Debt Securities category, CSBNb5; KZT20,000, KZT3.5 bn; January 20, 2005 - January 20, 2012; semi- annual coupon indexed at inflation rate, 9.30 % APR in the last coupon period;
30/360) of JSC "Kaspi Bank" (Almaty) have been removed from KASE official list due to the circulation term expiry.

From January 20, 2012, when calculating the index KASE_BP KASE will use the adjustment coefficient (К), equal to 1.0009349, when calculating KASE_BC - 0.9988601, KASE_BY - 1.6830252. Before the mentioned date (К) for KASE_BP equaled to 1.0009482, KASE_BC - 0.9988747 and 1.6830259 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, but 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 of the indicated indices are calculated by KASE once a day according to results of trades in corporate bonds.

The 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.

Earlier there was a related piece of KASE news of January 20, 2012 "Bonds KZPC1Y07B465 (KZ2C00001386, CSBNb5) of Kaspi Bank (Kazakhstan) removed from KASE official list due to circulation term expiry" - see more

The methodology of calculation of indices is regulated by the KASE internal document "Methodology of Calculation of Stock Market Indicators", available at see more

[2012-01-20]