National managing holding "Baiterek" raises KZT190 bn by placing bonds on KASE

29.01.24 11:09
/KASE, January 29, 2024/ – National managing holding "Baiterek" JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated January 26, 2024: quote On January 26, 2024, Baiterek National Management Holding ("BBB", "Baa2") successfully placed tenge bonds totaling 190 billion tenge with a maturity period of 15 years on the Kazakhstan Stock Exchange (KASE) trading platform. These bonds, offered to a wide array of investors, garnered significant demand, reaching 109% by the end of the auction. The weighted average market yield stood at 13% per annum. The auction saw participation from 10 investors. Amidst declining market rates, investing in Baiterek Holding's bonds enabled investors to secure long-term profitability while upholding investment quality in a safe instrument with a country-level rating. This placement will enable the Holding to finance projects aimed at enhancing transport infrastructure, particularly in updating the aging fleet of passenger and freight cars. unquote The complete press release in Kazakh and Russian is available on – [2024-01-29]