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]