Jusan Invest JSC announces successful placement of bonds of Private company BI Development Ltd. for $15 million and 15 billion tenge

01.11.24 17:48
/KASE, November 1, 2024/ – First Heartland Jusan Invest JSC (Astana, in the heading – Jusan Invest JSC), as a joint underwriter, provided Kazakhstan Stock Exchange (KASE) with the following notification: quote Jusan Invest announces successful placement of BI Development Ltd bonds in the amount of $15 million and 15 billion tenge Almaty, Kazakhstan – November 1, 2024 – Jusan Invest is proud to announce the successful completion of two issues of coupon bonds of BI Development Ltd (hereinafter – the "Company"). As part of the bond program, BI Development Ltd placed 2-year bonds in the amount of 15 billion tenge and 2-year bonds in the amount of $15 million. Jusan Invest acted as a joint underwriter, ensuring high investor interest. The collection of orders for purchase of the Company's bonds took place on October 31, 2024, through a subscription on Kazakhstan Stock Exchange (KASE). Demand for dollar bonds exceeded supply by two times, and for tenge bonds – by 26 %. As a result of the placement, the yield to maturity was 17.25 % for tenge bonds and 7.5 % – for dollar bonds. unquote This information is posted on – https://kase.kz/files/emitters/FHJI/fhji_relizs_011124_1.pdf [2024-11-01]