"Green" bonds KZ2P00010317 (BKBTb1) of Black Biotechnology passed
listing procedure on KASE in "bonds" category of alternative market
13.11.23 14:46
/KASE, November 13, 2023/ – On November 13, 2023, the Listing commission of
Kazakhstan Stock Exchange (KASE) decided to include "green" bonds
KZ2P00010317 (KZT1,000, KZT2.0 bn; 3 years; semi-annual coupon, 21.50 %
per annum; 30/360) of Black Biotechnology LLP (Almaty) in the "bonds"
category of KASE official list's alternative market.
The effective date of this decision of the Listing Commission will be announced
additionally.
The opening of trading in these bonds on KASE will also be announced
additionally.
These bonds are an issue of green bonds in order for "Damu" Entrepreneurship
development fund JSC to subsidize the coupon rate on bonds issued by business
entities within the framework of the national project for the development of
entrepreneurship for 2021–2025. The subsidized part of the coupon rate is 15.50
% per annum, unsubsidized part – 6.00 % per annum.
The issue of these bonds is the first under the first bond program of Black
Biotechnology LLP , registered by the Agency of the Republic of Kazakhstan for
Regulation and Development of the Financial Market on October 24, 2023 in the
amount of 10.0 billion tenge.
The financial advisors of Black Biotechnology LLP are Freedom Finance JSC
(Almaty) and Subsidiary of Halyk Bank of Kazakhstan "Halyk Finance" JSC.
The indicated bonds have been assigned an abbreviation (ticker) BKBTb1.
The main activity of Black Biotechnology LLP is the production of ready-made
feed for farm animals.
More detailed information about the issue of these bonds will be published on
KASE website after this decision of the Listing Commission comes into effect.
[2023-11-13]