Eurasia Building-British raises 310 million tenge on KASE at 30% yield

In specialized trading on KASE on August 28, Eurasia Building-British LLP placed ERBBb2 bonds with a face value of 1,000 tenge on the exchange's alternative trading platform. The company raised 310 million tenge against a declared maximum issue size of 5 billion tenge, with a quarterly coupon of 25% translating into a yield to maturity of 30% per year. The bonds run for two years, maturing in July 2028. Such high yields are typical for the alternative platform segment, which hosts smaller, higher-risk issuers, making these instruments suitable mainly for investors willing to accept elevated credit risk in exchange for a bigger payout.