KEGOC Issues First Green Bonds

On September 8, 2022, the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market registered changes and additions to the prospectus for the second issue of KEGOC's non-government bonds issued as part of the company's second bond program.

The type of bonds of KEGOC was changed to green. “This is the first issue of green bonds of KEGOC JSC. The proceeds from their placement will be used to implement the company’s projects related to the construction of the necessary grid infrastructure for large-scale involvement of renewable energy in the energy balance, ensuring the country’s energy security, as well as improving the efficiency of electricity transmission,” said KEGOC’s Managing Director for Finance and Accounting » Aigul Akimbayeva.

The volume of the issue is 35 billion tenge at the rate of 35 million coupon bonds without collateral, with a nominal value of 1,000 tenge per piece. The placement of bonds is scheduled for November of this year at the Kazakhstan Stock Exchange (KASE).