Toyota Financial Services Kazakhstan Places Bonds Worth 5 Billion Tenge at 16.95%

Toyota Financial Services Kazakhstan — the financial subsidiary of automotive giant Toyota — conducted a primary bond placement on the Kazakhstan Stock Exchange to raise funds for its domestic operations. The issue volume amounted to 5 billion tenge, with the coupon rate fixed at 16.95% per annum, which represents an attractive level for conservative investors in the current interest rate environment. The bonds have a four-year maturity period: from July 17, 2026 to July 17, 2030, with a 30/360 day count basis. The entry of a major international brand with corporate bonds into the Kazakh market signals growing interest from foreign entities in the domestic capital market. For retail investors, such securities are of interest as a relatively reliable alternative to bank deposits with fixed income.