Baiterek Holding issues its first ESG bonds to support farmers

On December 26, 2024, Baiterek National Management Holding successfully placed its debut social bonds on the KASE platform, raising 100 billion tenge.

The funds will be directed toward providing preferential loans to farmers through the Agrarian Credit Corporation under the Ken Dala 2 program.

This ESG bond issuance aligns with sustainable development principles, emphasizing preferential financing for agricultural activities to achieve positive and socially significant outcomes.

The loans will support agricultural activities such as spring fieldwork and harvesting. The loans are provided upfront, allowing farmers to implement essential agricultural measures promptly and efficiently.

Earlier this year, the Holding allocated 280 billion tenge to support spring field and harvesting efforts.

Social bonds, like those issued by Baiterek Holding, are a type of corporate bond aimed at addressing social challenges and achieving measurable social benefits. This initiative seeks to strengthen the agricultural sector and ensure food security by offering affordable financing to farmers.

In preparation for this landmark issuance, Baiterek Holding adopted a Sustainable Development Program and received a favorable Independent Assessment from the AIFC Green Finance Centre.

Halyk Finance and Jusan Invest served as financial consultants and underwriters for the issuance, ensuring its success.