/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:

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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.

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The complete press release in Kazakh and Russian is available on – see more

[2024-01-29]