KAZAKHSTAN’S DEBUT SOCIAL BONDS PLACED ON KASE
15.09.21 17:55
/KASE, September 15, 2021/ – Kazakhstan Stock Exchange (KASE) announces
that today for the very first time in Kazakhstan, Entrepreneurship Development
Fund Damu JSC has placed social bonds being a new financial instrument on
KASE.
The debut issue of social bonds based on the principles of sustainable
development was purchased by local institutional investors. Halyk Finance acted
as the broker and underwriter of the deal.
Funds raised on social bonds are planned to be used to finance small and
medium-sized businesses representing most affected sectors of the economy
during the COVID-19 pandemic through second-tier banks, microfinance
organizations or leasing companies. This issue fully complies with the social
bonds principles (SBP) of the International Capital Markets Association (ICMA),
as confirmed by an independent opinion of Expert RA Rating Agency JSC.
[2021-09-15]