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A subsidiary of BI Group has successfully placed KZT 3.5bn bond on AIX

23/11/2021

Astana International Exchange (“AIX”, “Exchange”) is pleased to announce that “Megastroy Ltd” LLP (“Megastroy”), a subsidiary of one of the largest developers in Kazakhstan, BI Group, has placed 12-month bonds in the amount of KZT3 540 237 000 via book-building held exclusively on the Exchange. The nominal price of the Bond is KZT1000. The Bond is due in November 2022 and bears a 15% p.a. coupon.

First Heartland Jusan Invest JSC acted as a sole lead manager of the placement.

This is the second tranche under Megastroy’s 9-year KZT 20,000,000,000 Bond Programme, which was established on AIX in July 2021, following their debut offering in March 2021.

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AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details:www.aix.kz

The Astana International Financial Centre was established on the initiative of the First President of the Republic of Kazakhstan – Elbasy Nursultan Nazarbayev as part of the National Plan “100 steps to implement five institutional reforms”. On July 2, 2020, as part of the meeting of the AIFC Management Council, the Center’s Development Strategy was adopted until 2025. According to it, the vision of the AIFC is to become a leading international financial centre in the region, including Central Asia, the Caucasus, the EAEU countries, Western China, Mongolia and Eastern Europe.

The mission of AIFC is to promote the sustainable long-term development of the region. As the Head of State noted, K.Tokayev, “The AIFC with its unique capabilities can act as a universal platform connecting the countries of the region.” https://aifc.kz/

BI Group is the largest innovative construction holding company represented in Kazakhstan and Uzbekistan markets, is the leader in the Kazakhstan construction industry and included in the world rating of developers ENR TOP 250 GLOBAL CONTRACTORS. For 26 years of work, it has earned a reputation as a reliable partner with over 200,000 clients. BI Group launched an innovative modular construction plant – Modex, which will allow 16-storey residential buildings to be built in just four months.