Centras Securities says Microfinance Organization KMF successfully places debut issue of bonds worth KZT7.3 bn

10.09.21 12:17
/KASE, September 10, 2021/ – Centras Securities JSC (Almaty) has provided Kazakhstan Stock Exchange (KASE) with the following joint press release dated September 9, 2021: Microfinance Organization KMF (hereinafter – KMF) on September 8, 2021 carried out primary placement of its bonds (MFKMb1, ISIN KZ2P00007883) in the amount of 7 billion tenge at par with a yield of 13% per annum. As a result, KMF raised 7.320 billion tenge. The underwriter of this placement was Centras Securities JSC. During the book-building process, the total market demand fully satisfied the interest in the offer from institutional investors: insurance companies, mutual funds, limited liability partnerships, and individuals. The number of investors was 17. The placement cost became one of the lowest in terms of yield among similar placements by issuers from the MFO sector, and was at the level of the yield curve of issuers from the STB sector. This fact once again confirms the reliability and stability of the KMF business model and reflects the high confidence of the investment community in the debt obligations of the largest MFO in Kazakhstan. The full version of the press release is posted at – https://kase.kz/files/emitters/CSEC/csec_reliz_090921_1.pdf [2021-09-10]