/KASE, May 30, 11/ - Kazakhstan Stock Exchange (KASE) Risk Committee has from
May 30, 2011 excluded bonds KZ2CKY07B964, KZ2C00001238 (VITAb5; KZT1,000,
KZT6.0 bn, May 18, 2006 - May 18, 2013; semi-annual coupon indexed at inflation
rate, 11.10 % APR; 30/360) of VITA (Almaty) from KASE representative list of
indices KASE_BY, KASE_BP and KASE_BC due to their removal from KASE official
list.
From May 30, 2011, when calculating the index KASE_BP KASE will use the
adjustment coefficient (К), equal to 0.9986126, when calculating KASE_BC -
0.9993553, KASE_BY - 1.6083101. Before the mentioned date (К) for KASE_BP
equaled 0.9986972, KASE_BC - 0.9994690 and 1.5998236 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 related KASE news dated May 27, 2011 "Bonds KZ2CKY07B964,
KZ2C00001238 (VITAb5) of VITA (Kazakhstan) are removed from KASE official list
from May 30" at
http://www.kase.kz/en/news/show/1137296
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
[2011-05-30]