Freedom Holding Signs Up to US$1.16 Billion Bond Financing Agreement

On 29 October, Freedom Holding disclosed an agreement under which Kazakhstan's Kokzhiyek Fund will subscribe for up to US$1.16 billion in five-year bonds carrying an annual interest rate of 7.8%, payable semi-annually. The financing will support seven projects involving AI infrastructure, data centres, telecommunications, media, urban technology and cross-border trade; this is a bond financing transaction, not an acquisition.

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