The debut issue of social bonds focused on the principles of sustainable development was carried out on Kazakhstan Stock Exchange JSC (KASE) and was purchased by local institutional investors. Halyk Finance acted as the broker and underwriter of the deal.
Funds from social bonds are planned to be used to finance small and medium-sized businesses from the most affected sectors of the economy during the COVID-19 pandemic through second-tier banks, microfinance organizations or leasing companies.
According to statements of Damu JSC and KASE, the bond issuance fully complies with the principles of social bonds of the International Capital Markets Association (ICMA) that is confirmed by the independent conclusion of Expert RA Rating Agency JSC.