KMF Places Bonds Worth KZT 20 Billion on KASE

Almaty, Kazakhstan — May 30, 2025 — JSC "Microfinance Organization "KMF", a leading player in the microfinance market in Kazakhstan, has successfully completed a series of operations on the Kazakhstan Stock Exchange (KASE), demonstrating the resilience of its business and a high level of investor confidence.

In May, the company raised KZT 20 billion through a bond placement and redeemed previously issued bonds totaling KZT 23.55 billion.

The underwriters of the placement were: JSC "BCC Invest" – a subsidiary of JSC "Bank CenterCredit", JSC "Centras Securities", JSC "First Heartland Jusan Invest", and JSC "Subsidiary of Halyk Bank of Kazakhstan" Halyk Finance.

Chairman of the Management Board of JSC "MFO "KMF", Shalkar Zhusupov, stated:
“Another successful bond placement and timely redemption of the previous issuance confirm the high level of investor trust in our organization and the stable financial position of the company.”

KMF is the largest microfinance organization in Kazakhstan. It has been operating since 1997 and finances micro, small, and medium-sized enterprises. KMF is represented in most regions of Kazakhstan with a network of 17 branches and 122 sales points, and it maintains a high-quality and diversified loan portfolio.

KMF maintains strong cooperation with both Kazakhstani and international financial institutions. Its stability is underscored by a credit rating of “B+” with a “Stable” outlook from Fitch Ratings.