/KASE, March 31, 14/ – Kazakhstan Stock Exchange (KASE) Committee on
Indices and Securities valuation as of March 31, 2014 removed from the
representative list of indices KASE_BY, KASE_BP and KASE_BC bonds
KZP05Y05B662 (KZ2C00001121, KASE official list, Rated Debt securities
category, MREKb6; KZT1, KZT800.0 m; March 30, 2009 – March 30, 2014; semi-
annual coupon 16.00 % APR; 30/360) of Mangistau Distribution Power Grid
JSC (Aktau) due to circulation term expiry.
From March 31, 2014, when calculating the index KASE_BP KASE will use the
adjustment coefficient (К), equal to 0.9938160, when calculating KASE_BC –
0.9925249, KASE_BY – 1.6812579. Before the mentioned date (К) for KASE_BP
equaled to 1.0044034, KASE_BC – 1.0056604 and 1.6850756 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 31, 2014 "Bonds KZP05Y05B662
(KZ2C00001121, MREKb6) of Mangistau Distribution Power Grid JSC
(Kazakhstan) removed from KASE official list due to circulation term expiry" on
KASE website at
http://www.kase.kz/en/news/show/1215859
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
[2014-03-31]