/KASE, November 5, 13/ – Kazakhstan Stock Exchange (KASE) Committee on Indices
and Securities valuation as of November 5, 2013 removed from the representative
list of indices KASE_BY, KASE_BP and KASE_BC the following bonds:
- KZP04Y05B426 (KZ2C00001345, KASE official list, Rated Debt Securities
category, NRBNb7; KZT100, KZT10.0 bn; November 5, 2008 – November 5, 2013;
semi-annual coupon 11.00 % APR; 30/360) of Nurbank (Almaty);
- KZP01Y05D154 (KZ2C00000693, KASE official list, second subcategory of
Non-Rated Debt Securities category, UKPFb2; KZT1,000, KZT2.0 bn; November 5,
2008 – November 5, 2013; semi-annual coupon 14.00 % APR; 30/360) of
Ust-Kamenogorsk Poultry Plant (East Kazakhstan region.).
The mentioned bonds were removed from the representative list of indices of
series KASE_B* due to expiry of their circulation term.
From November 5, 2013, when calculating the index KASE_BP KASE will use the
adjustment coefficient (К), equal to 1.0004578, when calculating KASE_BC –
1.0018980, KASE_BY – 1.6820699. Before the mentioned date (К) for KASE_BP
equaled to 1.0004698, KASE_BC – 1.0019143 and 1.6820841 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 in the day there were related KASE news items:
- "Bonds KZP04Y05B426 (KZ2C00001345, NRBNb7) of Nurbank (Kazakhstan) removed
from KASE official list due to circulation term expiry" –
http://www.kase.kz/news/show/1205295
- "Bonds KZP01Y05D154 (KZ2C00000693, UKPFb2) of Ust-Kamenogorsk Poultry Plant
(Kazakhstan) removed from KASE official list due to circulation term expiry" –
http://www.kase.kz/news/show/1205294
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
[2013-11-05]