BAKU, Azerbaijan, Dec. 25
By Nargiz Sadikhova - Trend:
Chocofamily Holding LLP, one of the largest companies in Kazakhstan providing e-commerce services in various areas, has listed a $15-million public bond on the Astana International Exchange (AIX), Trend reports citing AIX.
The $15 million aggregate principal amount of 10.25 percent bonds due in 2023 has been issued in accordance with the Acting law of the Astana International Financial Center (AIFC) with a face value of $100 each.
Ramil Mukhoryapov, Chairman of the Supervisory Board of Chocofamily Holding LLP said that over the past 10 years, the value of Chocofamily has grown more than 300 times in US dollar terms.
"In the next 4-5 years we plan to grow 20 times and hold an IPO. At such rates, financing growth through a bond is the most efficient option for the company in terms of the cost of capital, and for its investors – the opportunity to get a high return," he said.
AIX was formed in 2017 under the development of the Astana International Financial Center. The shareholders of AIX are the Astana International Financial Center, Goldman Sachs, Shanghai Stock Exchange, Silk Road Foundation, and NASDAQ, which also represents the AIX trading platform.
The Exchange is operating within the legal and regulatory environment in the common English law jurisdiction, thereby assuring the reliability of the investment environment. AIX has the mission of developing an active capital market in Kazakhstan and the region by ensuring clear and favorable conditions for raising funds for public and private businesses. AIX develops special segments for mining enterprises, and implements infrastructure projects as part of the “Belt and Way” initiative.
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