Freedom Holding secures up to USD 1.16 billion in bond financing from Kokzhiyek Fund

By Public Technologies
  • Freedom Holding signed an October 23, 2026, agreement with Kokzhiyek Fund for up to USD 1.16 billion in subsidiary-issued bonds.
  • Wholly owned FRHC-IF.SPC will issue the five-year bonds, carrying a 7.8% annual coupon payable semiannually.
  • Proceeds will finance seven investment projects; aggregate funding contributions from the issuer, parent or project companies must total at least 20% of issuance.
  • The parent, Freedom Kazakhstan and CEO Timur Turlov guarantee the issuer's obligations.
  • Funds will be released from escrow in stages through December 30, 2028, unless extended; bonds corresponding to undisbursed proceeds face mandatory redemption.


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