Astana International Exchange (“AIX” or “the Exchange”) is pleased to announce the successful listing and admission to trading of ForteBank JSC’s inaugural USD 400mln perpetual subordinated bonds (Additional Tier 1) on AIX and Vienna MTF. The bonds carry a coupon rate of 9.75% due semi-annually.
Through AIX, investor orders totaling USD 80 million were allocated. The transaction was jointly led by J.P. Morgan, First Abu Dhabi Bank, Commerzbank, and Mashreq as Joint Lead Managers and Bookrunners, with ForteFinance acting as the local placement partner.
The issuance attracted strong demand from major international financial centers, including the United Kingdom, the United States, Switzerland and Hong Kong.
Assel Mukazhanova, CEO of AIX, commented:
“We are pleased to see the growing international demand for bonds issued by Kazakhstani companies. The success of this placement underscores investors’ confidence in the country’s capital markets and reinforces AIX’s role as a trusted platform connecting local issuers with global investors. It also reflects the increasing trust in high-quality issuers from Kazakhstan and demonstrates the continued evolution of the nation’s capital markets, where issuers are actively exploring new structures and solutions.”