/KASE, June 5, 2025/ – First Heartland Jusan Invest JSC (KASE ticker – FHJI) reported as follows :

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June 5, 2025

On May 30, 2025, Kazakhstan Stock Exchange (KASE) successfully placed secured bonds of KEP (ERG Group). The issue attracted high interest from investors – the total volume of executed orders totaled almost $51 million, exceeding the announced volume.

The bonds were issued for a period of 3 years with a fixed rate of 6.5 % per annum in US dollars. Investor confidence was strengthened by a guarantee from Development Bank of Kazakhstan JSC, as well as an investment-grade rating from Moody's – Baa1.

Of particular importance in the implementation of the transaction was the participation of Jusan Invest JSC, thanks to whose efforts more than 60 % of the total volume of this placement was raised.

Sanzhar Ospanov, Managing Director for Corporate Finance at Jusan Invest:

"Such transactions demonstrate the maturity and potential of our domestic debt market. We see growing investor interest in high-quality instruments with a transparent structure and reliable collateral. For Jusan Invest, this is not just a securities placement – it is a contribution to the development of the market infrastructure where large projects can source funding through open mechanisms, and not only through direct loans."

"It is important that thanks to this innovative (in terms of the availability of a DBK guarantee and a Moody's rating) transaction, it was possible to unite the interests of business, the state and the investment community. This is the format that, in our opinion, will become the norm for new infrastructure and industrial projects."

The next stage of the placement is scheduled for June 10, 2025, the issue volume will be another $50 million.

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The full press release is available at see more

[2025-06-05]