Freedom Finance carried out largest retail offering of bonds of microfinance organization

24.03.23 11:41
/KASE, March 24, 2023/ – Freedom Finance JSC (Almaty) has provided Kazakhstan Stock Exchange (KASE) with the following press release dated March 20, 2023: quote Freedom Finance JSC placed coupon bonds of MFO OnlineKazFinance JSC denominated in US dollars on Kazakhstan Stock Exchange JSC (KASE). The transaction became the largest retail bond issue among Kazakhstan's microfinance organizations since obtaining permission to raise funds through placement on the regulated securities market. By the beginning of the special trades, the amount of placement amounted to 12 million US dollars. In total, 580 active orders for $20.5 million were submitted during the auction. Due to the fact that according to the results of the auction the demand from investors exceeded the supply by 1.7 times, the issuer decided to place the issue in full. As a result, the placement amounted to 20 million US dollars, and the total number of executed orders was 579. The main pool of executed orders in the amount of USD 18 million was submitted from 574 retail investor accounts opened with Freedom Finance JSC, which accounted for 99% of the total number of investor accounts that participated in the placement. unquote The full version of the press release is available at – [2023-03-24]