Bonds of KazAgro attracted US $1.2 billion on KASE

30 November, 2018, 11:39 283
Bonds of KazAgro attracted US $1.2 billion on KASE

One member took part in the trading, thus becoming the owner of all the securities. 

 

Kazakhstan's KazAgro Holding attracted KZT 450 billion (US $1.2 billion) by placing 15-year bonds at an annual interest rate of 10%, a website of KASE has informed, BNews.kz reports. 

The initiator to carry out trading was Tsesna Capital company, which is part of the holding that includes Tsesnabank - the second in the number of assets in the country. The part of assets of Tsesna Capital was also purchased for KZT 450 billion at the expense of the state in October.  

They in KASE said that the trading was partaken by one member who became the owner of all the securities. 

KazAgro Holding includes seven subsidiaries: Food Contract Corporation, Fund for Financial Support of Agriculture, KazAgroGarant, Agrarian Credit Corporation, KazAgroMarkating, KazAgroFinance, and KazAgroProduct. The last three were exposed for privatization - they should enter the competitive environment until 2020.