Three of Freedom's subsidiaries have asked AIX to approve a bond program of up to $1 billion
Three Kazakhstani companies from the Freedom ecosystem are registering a framework program for the issuance of bonds totaling up to $1 billion / Photo: Freedom Holding Corp.
Arbuz Group’s online supermarket, the Ticketon Events ticketing service, and the Aviata travel booking service have asked the Astana International Exchange (AIX) to approve a general bond issuance program totaling up to $1 billion. This is stated in the program prospectus published on the exchange’s website. All three companies are owned by Freedom Holding Corp.
Freedom also acts as the program applicant: issuers have granted it powers of attorney for listing (the inclusion of securities on the exchange’s official list), bond placements, and the fulfillment of post-listing obligations. The program will remain in effect until October 6, 2060. The volume, coupon rate, and maturity date of each tranche will be specified in separate terms and conditions. Issuers have the right to redeem certain bonds and issue new ones, provided that the total volume of securities in circulation does not exceed $1 billion.
The issuance is intended to help the company manage its liquidity by increasing its working capital.
Who will the bonds be issued to?
The bonds are intended for companies within the Freedom Group and professional investors as classified by the Astana International Financial Center, and their advertising and public offering are restricted.
The issuer has the right to offer securities at its discretion, including to affiliated parties. It is prohibited to sell them in the United States or to U.S. residents.
This article was AI-translated and verified by a human editor
