/KASE, September 30, 2025/ – NMH "Baiterek" JSC (KASE ticker – BTRK ) reported the following:

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On Wednesday, September 24, 2025, Baiterek Holding successfully placed a Eurobond issue with a yield of 4.85%, a coupon rate of 4.65%, in the amount of 500 million US dollars and a term of 5 years.

The new issue was announced on Monday, September 22, followed by an extensive marketing campaign among investors from the US, UK, Europe, and Asia. Over the course of two days, approximately 40 investors met with the Holding. Many investors were already familiar with the Holding thanks to its debut Eurobond issue in May of this year.

Following positive investor feedback, the order book opened on Wednesday, September 24. Amid strong demand, which exceeded the placement volume fourfold, the transaction yield was set at 4.85%.

The distribution of allocations across a wide range of investors by region is as follows: 38% US, 28% Continental Europe, 26% UK, 7% Kazakhstan and 1% Middle East and Asia.

The Eurobonds were successfully placed due to favourable market conditions, high liquidity and significant interest from investors.

The issue was arranged by J.P. Morgan, Societe Generale, Alatau City Invest, Halyk Finance, and Teniz Capital Investment Banking. The Holding's Eurobonds are listed on the Vienna Stock Exchange (Wiener Börse AG) and Kazakhstan Stock Exchange (KASE).

The placement was an important strategic step for the Holding, aimed at strengthening its position in international markets and expanding investment resources for the implementation of strategically important projects. The borrowing rate was a record-low spread over US government bonds (+114 bps) and sovereign Eurobonds (+35 bps). This issue makes a significant contribution to the sustainable development of both the Holding and the economy of the Republic of Kazakhstan.

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The full version of the press release in Qazaq and Russian is available at see more

[2025-09-30]