Kazakhstan Housing Company places 50 bln tenge in bonds at 16.99%

Kazakhstan Housing Company completed a successful placement of seven-year coupon bonds on the Kazakhstan Stock Exchange (KASE), raising a total of 50 billion tenge. The bonds carry a coupon rate of 16.99% per annum, a competitive yield given current money market conditions in Kazakhstan. The securities run from June 25, 2026, through June 25, 2033. As a key participant in Kazakhstan's affordable housing market, the company carries a quasi-governmental status that adds credibility to the issuance. For tenge-denominated income investors, the bond offers a fixed coupon above prevailing bank deposit rates. The elevated coupon reflects the broader high-rate environment that has persisted following Kazakhstan's period of tight monetary policy.