AIX News


Chocofamily public bonds have been added to the AIX listing


Astana International Exchange (“AIX”, “Exchange”) is pleased to announce that Chocofamily Holding LLP (“Chocofamily”), one of the largest companies in Kazakhstan providing e-commerce services in various areas, has listed a $15 mln public bond on the AIX.

The $15 mln aggregate principal amount of 10.25% 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 US$100 each.

Tim Bennett, CEO of AIX, commented:

“We welcome Chocofamily to AIX and we look forward to supporting them in the future as they grow.”    

Ramil Mukhoryapov, Chairman of the Supervisory Board of Chocofamily Holding LLP said:

“Together with AIX, we have created a case – for the first time in the history of Kazakhstan an Internet company successfully places bonds. Over the past 10 years, the value of Chocofamily has grown more than 300 times in 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 our investors – the opportunity to get a high return.”

Background information:

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. More detailed information is available at

AIFC. The Astana International Financial Center was created at the initiative of the First President of the Republic of Kazakhstan, Elbasy Nursultan Nazarbayev, under the Plan of the Nation “100 Steps to Implement Five Institutional Reforms”. On July 2, 2020, the Center’s Development Strategy until 2025 was adopted at the meeting of the AIFC Management Board. In accordance with it, the AIFC vision lies in achieving the status of a leading international financial center in the region that includes Central Asia, Caucasus, the EEU countries, Western China, Mongolia and Eastern Europe.  The AIFC’s mission is to promote sustainable long-term development of the region. As noted by Head of State K. Tokayev, “the AIFC, given its unique capabilities, can serve as a universal platform that connects the countries of the region.” The strategic directions of the AIFC’s sustainable development include the development of a close-loop economy, financial technologies and a “digital financial center”.