Freedom Holding Corp. Subsidiary Top Bond Underwriter in Kazakhstan

Rhea-AI Summary

Freedom Holding Corp. (NASDAQ:FRHC) announced that its subsidiary, JSC Freedom Finance, has been named the top investment bond bookrunner in Kazakhstan for 2021 by Cbonds. The firm raised KZT516 billion, accounting for 35.76% of total funds, and led in both the number of issuers (15) and bond issues (29). Director Renat Syzdykov emphasized the significance of this achievement for their investment banking division, highlighting a market distribution of 42.85% for local bonds, totaling over KZT473 billion. These accomplishments reflect the firm's commitment to economic growth in Kazakhstan.

Positive

• Top investment bond bookrunner in Kazakhstan for 2021.
• Raised KZT516 billion, 35.76% of total market funds.
• Led in number of issuers (15) and completed bond issues (29).
• Strong local bond market distribution at 42.85%, totaling over KZT473 billion.

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• None.

ALMATY, KAZAKHSTAN / ACCESSWIRE / January 20, 2022 / Freedom Holding Corp. (NASDAQ:FRHC) (the "Company") today announced its subsidiary JSC Freedom Finance has been recognized as the top investment bond bookrunner in Kazakhstan by Cbonds in its annual bookrunner league table rankings for 2021. Freedom Finance secured the top spot for all issues in terms of funds raised with KZT516 billion, which represented 35.76% of the total, and first in terms of number of issuers represented at 15 and in number of bond issues completed at 29 offerings.

Renat Syzdykov, Director of Investment Banking at Freedom Finance, said, "this accomplishment marks an important milestone for our investment banking department, which has also been acknowledged as the 2021 top bookrunner for local Kazakh bonds with open market distribution of 42.85% or more than KZT473 billion, included in the total bonds placed. We believe these accomplishments evidence our reputation for integrity, outstanding performance for public and private clients, and our continuing commitment to provide financial support that will foster economic growth in Kazakhstan."

About Freedom Holding Corp.
Freedom Holding Corp., a Nevada corporation, is a financial services holding company conducting retail financial securities brokerage, investment research, investment counseling, securities trading, investment banking and underwriting services and consumer banking through its subsidiaries under the name of Freedom Finance in Europe and central Asia. The Company employs more than 2,900 persons and is a professional participant in the Kazakhstan Stock Exchange, Astana International Exchange, Moscow Exchange, Saint-Petersburg Exchange, Ukrainian Exchange, Republican Stock Exchange of Tashkent, and Uzbek Republican Currency Exchange. The Company is also members of the New York Stock Exchange and Nasdaq Stock Exchange. The Company is headquartered in Almaty, Kazakhstan, with administrative office locations in Russia, Cyprus, and the United States.

Company common shares are registered with the United States Securities and Exchange Commission and are traded in the United States on the Nasdaq Capital Market, operated by Nasdaq, Inc.

About Cbonds
Cbonds was founded in 2000 and provides a worldwide clientele of regional banks, asset managers, family offices and private investors comprehensive information on global financial markets, with principal focus on reliable and current bond market data through its investment league tables publications.

Cautionary Note Regarding Forward-Looking Statements
This release contains "forward-looking" statements. All forward-looking statements are subject to uncertainty and changes in circumstances. Forward-looking statements are not guarantees of future results or performance and involve risks, assumptions and uncertainties that could cause actual events or results to differ materially from the events or results described in, or anticipated by, the forward-looking statements. Factors that could materially affect such forward-looking statements include certain economic, business, and regulatory risks and factors identified in the Company's periodic and current reports filed with the Securities and Exchange Commission.  All forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances.  Readers should not place undue reliance on these forward-looking statements.

Website Disclosure
Freedom Holding Corp. intends to use its website, https://ir.freedomholdingcorp.com, as a means for disclosing material non-public information and for complying with SEC Regulation FD and other disclosure obligations.

CONTACT
Email:usoffice@freedomholdingcorp.com

SOURCE: Freedom Holding Corp.

View source version on accesswire.com:
https://www.accesswire.com/684916/Freedom-Holding-Corp-Subsidiary-Top-Bond-Underwriter-in-Kazakhstan

FAQ

What milestone did Freedom Holding Corp. achieve in January 2022?

Freedom Holding Corp.'s subsidiary, JSC Freedom Finance, was recognized as the top investment bond bookrunner in Kazakhstan for 2021.

How much did Freedom Finance raise in 2021?

Freedom Finance raised KZT516 billion, representing 35.76% of total funds raised in Kazakhstan's bond market.

What was the market distribution for local Kazakh bonds by Freedom Finance?

Freedom Finance achieved a market distribution of 42.85%, totaling over KZT473 billion in local Kazakh bonds.

How many bond issues did Freedom Finance complete in 2021?

Freedom Finance completed a total of 29 bond issues in 2021.