On January 26, 2024, Industrial Development Fund JSC (Ba1) placed tenge bonds worth 190 billion tenge with a circulation period of 15 years on the trading platform of the Kazakhstan Stock Exchange (KASE).
The investor of the placement was JSC NMH Baiterek. The funds raised from the placement of the bond will be used to finance projects aimed at improving the transport and logistics potential of the country.
The implementation of these projects will make it possible to renew about 122 passenger and 3 168 freight cars, and will also provide tax revenue to the country's budget.
