/KASE, September 15, 2021/ – Entrepreneurship Development Fund Damu JSC
(Nur-Sultan, bonds, KASE official list), has provided KASE with the following
press release dated September 15, 2020:
For the first time in Kazakhstan, Entrepreneurship Development Fund Damu JSC
placed a new financial instrument - social bonds registered by the Agency of the
Republic of Kazakhstan for the Regulation and Development of the Financial
Market at the beginning of September this year. The total amount of placed
securities amounted to 1 billion tenge, maturity - 5 years, yield - 11.9%,
coupon payment frequency - twice a year.
The debut issue of social bonds focused on the principles of sustainable
development was carried out on Kazakhstan Stock Exchange JSC (KASE) and
was purchased by local institutional investors. Halyk Finance, a subsidiary of
Halyk Bank of Kazakhstan, was the broker and underwriter of the deal. Funds
from social bonds are planned to be used to finance small and medium-sized
businesses from the 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 Expert RA
Rating Agency JSC.
"Bonds of Damu Fund are the first securities on Kazakhstan Stock Exchange that
comply with social principles. To implement the mission of sustainable
development of small and medium-sized businesses, Damu Fund plans to
support the sectors of the economy most affected by the COVID-19 pandemic.
This placement is an opportunity not only to attract financing in the capital
market and expand the investor base, but also to introduce a new financial
instrument for the market based on the principles of sustainable development,"
explained Gaukhar Buribayeva, Chairwoman of the Management Board of the Damu
Fund -
https://kase.kz/files/emitters/FRMP/frmp_reliz_150921.pdf
[2021-09-15]