/KASE, February 27, 2025/ – First Heartland Jusan Invest JSC (KASE ticker –
FHJI) reported as follows:
quote
February 27, 2025
The Eurasian Development Bank (EDB) has successfully placed three-year
bonds in the amount of 50 bn tenge (over US$100 mln) with a floating coupon
rate linked to the Base Rate of the National Bank of the Republic of Kazakhstan
on Kazakhstan Stock Exchange (KASE) to finance the modernization of Almaty
CHPP-3. This project is an important step towards improving the environmental
situation and developing the energy infrastructure of Almaty.
The reconstruction of TPP-3 involves switching from coal to natural gas, which
will significantly reduce emissions of harmful substances, improve air quality
in the metropolis and increase the reliability of energy supply.
The placement of bonds attracted significant interest from investors – the
volume of orders exceeded the supply by 9 bn tenge, which confirms the trust in
the EDB and the strategic importance of the project.
The bond placement was organized by Jusan Invest, one of the leading
investment banks in Kazakhstan, with successful experience in implementing
large debt placements on the capital market. Freedom Finance also participated
in the placement as a co-underwriter, which allowed attracting a wider range of
investors.
...
"We are proud of the successful placement of the EDB's bonds, which is aimed
at financing a critically important infrastructure project. High demand from
investors underlines their confidence in the bank's sustainability and the
importance of modernizing Almaty's energy infrastructure. We are pleased to
continue our partnership with EDB, helping to attract investment in
strategically important projects," commented Jusan Invest's Managing Director
Sanzhar Ospanov.
"The reconstruction of TPP-3 is an important step in increasing the
environmental sustainability of Almaty's energy sector. This project allows not
only to update the infrastructure, but also to reduce the impact on the
environment, which is especially important for the city. We are pleased that
investors share our vision and actively supported the bond issue," said Daniyar
Imangaliyev, Deputy Chairman of the EDB's Management Board.
unquote
The full version of the press release is available on –
https://kase.kz/files/emitters/FHJI/fhji_relizs_270225_1.pdf
[2025-02-27]