KASE hosted media briefing on listing of first-ever shirt-term (commercial) bonds

21.11.16 20:31
/KASE, November 21, 2016/ – Kazakhstan Stock Exchange (KASE) informs that on November 21, 2016 KASE held a media briefing dedicated to the first instruments listed in the new KASE sector being short-term (commercial) bonds of PAVLODARENERGO and SEVKAZENERGO issuers. During the event KASE announced the first listings in the Commercial bonds sector, whereas the bond issuer representatives being PAVLODARENERGO and SEVKAZENERGO presented the media with their performance indicators dynamics, information on the current projects and forecast figures for the near future and shared their plans for the further development of the companies. As previously reported, the Commercial bonds sector was allocated on KASE in order to meet the needs of the listed companies being large businesses (including banks) for a fast and cheaper short-term financing. In case of these bonds the fast procedure to register with the National Bank, simplified listing procedure on KASE, as well as lower listing fees are offered. This instrument will allow the above listed companies to raise funds for the working capital promptly and as needed. Details on the event are available on KASE website http://www.kase.kz/files/press/en/16_11_21_briefing_commercial_bonds_eng.pdf [2016-11-21]