The Industrial Development Fund JSC announces the debut placement on November 11, 2020 of bonds in a nominal volume of 50 billion tenge with a coupon rate of 11.8% per annum and a circulation period of 10 years on the site of Kazakhstan Stock Exchange JSC. The bonds were purchased in full by Baiterek NMH JSC through specialized trading.
Halyk Finance, a subsidiary of Halyk Bank of Kazakhstan, acted as a financial consultant and underwriter.
The attracted investments will be used to finance the real sector of the economy and to support domestic producers.
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The Industrial Development Fund JSC was created with the aim of implementing, improving and increasing the efficiency of state investment policy through leasing, developing the manufacturing industry, industrial infrastructure, as well as assisting in attracting foreign and domestic investments to the economy of Kazakhstan.
