/KASE, April 5, 13/ – Kazakhstan Stock Exchange (KASE) Committee on Indices and Securities valuation as of April 5, 2013 removed from the representative list of indices KASE_BY, KASE_BP and KASE_BC the following bonds:

• KZ2CKY07B907 (KZ2C00000834, KASE official list, second sub-category of Non-Rated Debt Securities category, JGOKb2; KZT100, KZT3.9 bn; April 5, 2006 – April 5, 2013; semi-annual coupon indexed at inflation rate, 5.70 % APR for the final coupon period; 30/360) of JSC "Zhayremskij gorno-obogatitelnyj kombinat" (Karagandy region);
• KZ2CKY07B915 (KZ2C00001162, KASE official list, first sub-category of Non-Rated Debt Securities category, EUBNb3; KZT100, KZT10.0 bn; April 5, 2006 – April 5, 2013; semi-annual coupon indexed at inflation rate, 6.90 % APR for the final coupon period; 30/360) of JSC "Eurasian Bank" (Almaty).

The mentioned bonds were removed from the representative list of indices of series KASE_B* due to expiry of their circulation term.

From April 5, 2013, when calculating the index KASE_BP KASE will use the adjustment coefficient (К), equal to 0. 9873165, when calculating KASE_BC – 0.9822735, KASE_BY – 1.6147563. Before the mentioned date (К) for KASE_BP equaled to 0.9872469, KASE_BC – 0.9822322 and 1.6147571 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 were related KASE news items of April 5, 2013:

"Bonds KZ2CKY07B907 (KZ2C00000834, JGOKb2) of Zhayremskij gorno-obogatitelnyj kombinat (Kazakhstan) removed from KASE official list due to circulation term expiry" at see more

"Bonds KZ2CKY07B915 (KZ2C00001162, EUBNb3) of Eurasian Bank (Kazakhstan) removed from KASE official list due to circulation term expiry" at 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

[2013-04-05]