Initial Offering of Bonds by TSSP Group LLP on KASE Main Market

Strategic Insights -

Kazakhstan Stock Exchange (KASE) has announced the initial offering of bonds KZ2P00008113 of TSSP Group LLP on its trading system. The offering, facilitated by First Heartland Jusan Invest JSC as the seller, will be conducted through subscription on July 10, 2025, at the terms and conditions outlined below. The bonds, classified as coupon bonds with an 18.00% APR, will be subject to a four-year maturity period with quarterly coupon payments. The nominal placement volume for the bonds is set at 500,000,000 tenge, with the option to purchase via limit orders during the specified collection time. Investors must disclose personal information, including identity and citizenship, as part of the subscription process. The bond offering is restricted to KASE members of the "stock" category, and the subscription process is available on the exchange's website.

Key Takeaways:

  • The initial offering of bonds by TSSP Group LLP will be conducted on July 10, 2025, on KASE's main market.
  • The bond issue includes 500,000,000 tenge in nominal placement volume.
  • The bonds are categorised as coupon bonds with an 18.00% APR, and are subject to a four-year maturity period.
  • Quarterly coupon payments will commence at a date to be determined later.
  • Orders for bond subscriptions can be placed through KASE members of the "stock" category only.
  • Investors must provide personal information, including identity and citizenship, when subscribing to the bonds.
  • The full list of KASE members can be accessed on the exchange's website.

Statistics:

  • Nominal placement volume: 500,000,000 tenge
  • Issue period: 4 years
  • Coupon rate: 18.00% APR
  • Proxy payment periodicity: Four times a year
  • Face value: 1,000.00 tenge
  • Circulation start date: Date of the first successful bond offering auction
  • Last circulation day: Will be determined later
  • Repayment start date: Will be determined later

Sources:

  • "Kazakhstan Stock Exchange (KASE) announces that on July 10, 2025 an initial offering of bonds KZ2P00008113 (KASE main market, category “bonds”, TSSPb1)" (KASE Announcement)
  • "Nominal placement volume, tenge: 500,000,000" (KASE Announcement)
  • "Time base: 30/360" (KASE Announcement)
  • "List of additional information about the investor disclosed to the Seller of the specified bonds includes the following information: 1) last name, first name, patronymic (if any) of an individual or name of a legal entity; 2) IIN of an individual or BIN of a legal entity; 3) the citizenship of an individual or the state in accordance with whose legislation the registration of a legal entity as a legal entity was carried out." (KASE Announcement)
  • "Orders for participation in the subscription are submitted only through KASE members of the "stock" category" (KASE Announcement)