OREANDA-NEWS. July 13, 2010. The Risk Committee of Kazakhstan Stock Exchange (KASE) removed from representative lists of indexes KASE_BY, KASE_BP and KASE_BC matured bonds KZ2CKY07A792 (TXBNb2; KZT1, KZT3.0 bn; 04.07.03 - 04.07.10, semiannual coupon 11.00 % APR; 30/360) of Subsidiary Bank Sberbank of Russia (Almaty) July 7, 2010, reported the press-centre of KASE.

Beginning July 7, 2010 at calculation of index KASE_BP KASE will apply adjustment coefficient (К), equal to 0.9997186, at calculation of KASE_BC - 0.9994566, KASE_BY - 1.0095144. Before the date (К) for index KASE_BP was equal to 0.9997165, for KASE_BC - 1.0095154 and 1.0095144 for KASE_BY accordingly.

KASE_BY - corporate bond yield index.

KASE_BC - corporate bond price index, calculated based on prices without account of accrued (accrued, but not paid) interest thereon (on "net" prices).

KASE_BP - corporate bond price index, calculated with account to all accrued interest thereon, including that not paid.

All indexes are calculated by KASE on a daily basis after trade in corporate bonds.

Weight of a bond is limited with fifteen percent. At that only volume of placed and unredeemed bonds according to documents available on KASE shall be taken into account. Restriction is effected through a restriction coefficient.

Earlier KASE released news on July 7, 2010 "Matured bonds KZ2CKY07A792 (TXBNb2) of Subsidiary Bank Sberbank of Russia (Kazakhstan) de-listed from KASE" at http://www.kase.kz/en/news/show/1109195

The Methodology of Index Calculation is regulated with the KASE internal document "Stock Market Indicator Calculation Methodology", available at the KASE website at http://www.kase.kz/files/normative_base/indicators_met_eng.pdf