Astana International Exchange (“AIX”, “Exchange”) is pleased to announce the successful placement of loan participation notes issued by R Debentures LLC, a Delaware series limited liability company, to finance a loan to Deal Drive Car Rental LLC, a technology-driven fintech platform that helps auto dealers in the MENA region and Europe to analyze and manage inventory, pricing, and sales using AI. The placement amounted to US$2 million, with a 2-year maturity and monthly coupon payments of 10.25% per annum.
The transaction was led by Raison Securities Limited, an AIFC registered brokerage company licensed by AFSA.
Birzhan Astayev, AIX Chief Markets and Products, noted:
“We are happy to support innovative companies such as Deal Drive in accessing international investors. This placement not only offers attractive opportunities for local and regional investors but also highlights Kazakhstan’s growing role as a gateway to high-potential technology businesses worldwide. By connecting investors with fast-growing fintech and mobility sectors, our exchange strengthens its position as a regional hub for capital markets”.
Andrey Berezin, co-founder of Raison, added:
“For us, it is important to bring to Kazakhstan not just financial instruments, but real technology companies with strong teams and proven track records. Deal Drive is exactly such a borrower: the platform has already demonstrated its efficiency in the European and MENA markets and has the potential to scale to a global level. We see strong investor interest in this issuance and are confident it will serve as a benchmark for future bond market entries by promising technology companies.”