/KASE, March 19, 14/ – Kazakhstan Stock Exchange (KASE) Committee on Indices and
Securities valuation as of March 19, 2014 removed from the representative list
of indices KASE_BY, KASE_BP and KASE_BC bonds KZ2C0Y07E392 (KZ2C00001956, KASE
official list, Rated Debt Securities category, GLDCb1; KZT1, KZT8.0 bn;
January 10, 2013 – January 10, 2020, annual coupon 12.00 % APR, 30/360) of
Golden Compass Capital (Almaty) due to suspension of their trading.
From March 19, 2014, when calculating the index KASE_BP KASE will use the
adjustment coefficient (К), equal to 0.9988610, when calculating KASE_BC –
0.9986718, KASE_BY – 1.6850756. Before the mentioned date (К) for KASE_BP
equaled to 1.0044069, KASE_BC – 1.0056658 and 1.6814316 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 KASE news item of March 19, 2014 "As of March 19 trading in
bonds KZ2C0Y07E392 (KZ2C00001956, GLDCb1) of Golden Compass Capital (Kazakhstan)
on KASE will be suspended)" at
http://www.kase.kz/en/news/show/1215349
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
[2014-03-19]