The Holding was honored with awards from the Kazakhstan Stock Exchange (KASE) at the annual awards ceremony held in February 2025, in the nominations “Leader of the ESG Bond Market” and “For Issuance Activity”. Recognition by the professional community confirms the Holding’s active participation in the market, its strong positions, successful strategy, and high level of trust from institutional investors and partners.

Debut issuance of social bonds

In December 2024, Baiterek National Managing Holding JSC placed its first social bonds on the KASE platform in the amount of 100 billion tenge. The funds were directed to spring fieldwork and harvesting through Agrarian Credit Corporation JSC under the “Ken Dala 2” program. The project provides farmers with access to concessional lending and contributes to the development of agriculture.

Framework Program for the issuance of non-governmental sustainable development bonds

On November 7, 2024, by the decision of the Holding’s Management Board (Minutes No. 58/24), the Framework Program for the issuance of non-governmental sustainable development bonds was approved. The program was developed in line with the Green Bond Principles (GBP), Social Bond Principles (SBP), and Sustainability Bond Guidelines (SBG) of the International Capital Market Association (ICMA). It defines approaches to project selection, management of proceeds, disclosure, and reporting.

Within the framework of the Program, the issuance of the following is envisaged:

• Green bonds — for projects with environmental impact (renewable energy, energy efficiency, waste management, etc.);
• Social bonds — for projects with social impact (housing, healthcare, employment, etc.);
• Sustainability bonds — for projects with both environmental and social impact.

In 2024, AIFC Green Finance Centre Ltd. awarded the Framework Program the rating “Excellent”, confirming its compliance with ICMA international standards and the high quality of project selection and management processes.

Framework Program for the issuance of non-governmental sustainable development bonds of Baiterek National Managing Holding JSC

External review in the form of a Second-Party Opinion