Astana International Exchange (AIX or the Exchange) is pleased to announce that Kaspi.kz has successfully placed five-year Eurobonds totaling $650 million, which have been listed on AIX.
Kaspi.kz Eurobonds attracted strong interest from international investors, enabling the establishment of a competitive coupon rate of 6.25%.
Assel Mukazhanova, AIX CEO, said:
“The placement of Kaspi.kz Eurobonds on AIX reflects the dynamic growth of Kazakhstan’s capital market and increasing investor interest in promising corporate issuers. We are pleased to support the development of Kazakhstan’s capital market and provide issuers with efficient mechanisms to raise financing under international standards.”
Reference:
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, the Shanghai stock exchange, the Silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. www.aix.kz
The Astana International Financial Centre (AIFC) is an independent jurisdiction that started (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/
About Kaspi.kz
The mission of Kaspi.kz is to create innovative products and services that improve the lives of our favourite customers and partners. At the centre of innovations is the country’s most popular mobile super-application Kaspi.kz. It is used by almost 15 million people in Kazakhstan and includes the country’s leading e-commerce, payment and financial services.
With the help of Kaspi.kz, Kazakhstanis make favourable online purchases with free delivery, make payments and transfers without commissions, manage their personal finances, buy air and train tickets, purchase tours and use the most popular government services.
For business, Kaspi.kz has also created a super application Kaspi Pay, which is used by almost 700 000 Kazakhstani entrepreneurs. Through the Kaspi Pay app, Kazakhstani entrepreneurs receive funding for business development, accept payments, launch advertising campaigns, pay taxes, and connect to e-commerce and delivery platforms to sell their goods across the country.
Harvard Business School has written two educational materials about Kaspi.kz, which have been used by graduate students for several years.