"Baiterek" Holding acquired Akimat bonds to support the construction industry

"National Management Holding "Baiterek" JSC through its subsidiary "Baiterek Development" JSC at KASE site acquired bonds of akimats of regions and cities of republican significance for 175 billion tenge.

This step was implemented in order to support the construction industry in times of crisis and to ensure employment.

The nominal value of one bond is 1 thousand tenge. Debt securities with a coupon rate of 4.25% per annum are issued for a period of 22 months.

Earlier it was reported that the "Baiterek" holding is completing work to raise these funds under the instructions of the Head of State Kassym-Zhomart Tokaev. These funds will be additionally built over 16 thousand apartments in all regions of the country.