MOST Microfinance Organization, part of the MOST Holding ecosystem, has successfully carried out its first bond issue. The securities have been listed on the Kazakhstan Stock Exchange (KASE) and are available to a limited pool of qualified investors, DKNews.kz reports.
The bonds are issued in a private placement format, offering an annual yield of up to 24.5%, with a maturity of 24 months and quarterly coupon payments.
“This is an important milestone for us – both in terms of raising capital and validating our strategy,” said Mirat Akhmetsadykov, CEO of ChK MOST Ltd. “We operate in a segment where capital needs to be fast, transparent, and flexible. Bonds are a way to scale our financial products and give private investors access to new formats of returns.”
MFO MOST specializes in technological solutions for microfinance and B2B fintech. The bond placement is a logical continuation of the company’s strategy to build a sustainable model of private lending and engage with the real economy.
Key terms of the issue:
- Coupon rate: up to 24.5% per annum
- Maturity: 2 years
- Payment frequency: quarterly
- Target audience: qualified investors
- Lot size: 25,000,000 KZT
“We started with a closed circle – those who know us and believe in our model. But this issue opens the door for further growth: scaling the structure, testing demand, and developing the market for direct private investments,” Akhmetsadykov added.
MFO MOST is part of the MOST Holding ecosystem, which operates in the field of technology investment, venture capital, and the development of innovative financial solutions in Central Asia. The company provides flexible financing instruments and actively works directly with private investors. LLP “MFO MOST” operates under license No. 16.21.0001.M for “Microfinance Organization Activities,” issued on November 18, 2024, by the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market.
