Alatau City Bank is listing a new issue of commercial paper with a total nominal volume of $50 mln on the Astana International Exchange (AIX). Trading in the securities will begin on September 15, 2026. This was reported by Qazaqyia.kz citing Kursiv Media.
According to an AIX notice dated September 14, the issue consists of 50,000 paper notes with a nominal value of $1,000 each. The issue currency is the US dollar.
Issue terms
The issue price is set at 95.24% of the nominal value. Thus, a note with a nominal value of $1,000 costs $952.40 at placement. No coupon rate or coupon payment frequency is provided for the issue. The investor's income is formed by the difference between the purchase price and the nominal value paid at redemption.
If an investor buys a note for $952.40 and receives $1,000 at redemption, their income will be $47.60 per note. This corresponds to a yield of approximately 5% over the period to redemption. AIX states that the issue volume is 50,000 notes. All of them are admitted to trading.
Redemption date and features
The bank must redeem the commercial paper on September 15, 2027. The minimum trading lot is one note. Commercial paper is a short-term debt instrument. Companies and financial organizations can use it to raise financing and manage liquidity.
About the bank's owner
Alatau City Bank is controlled by Kazakh entrepreneur and Kaspi.kz co-owner Vyacheslav Kim. He ranks first on Forbes' list of the wealthiest businessmen in Kazakhstan with a fortune of $7.8 bln.
Earlier, Kim's Alatau City Bank launched cryptocurrency payments in stores via QR: read here.