Announcement of green bond issue

On February 09, 2024, the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (hereinafter referred to as ARFFR) registered the issue of non-state green bonds of «TechnoGroupService» LLP. The US$25 million green bond prospectus includes 250 coupon bonds with a par value of US$100,000 each, a coupon rate of 8% per annum and semi-annual coupon payments. The circulation period of the bonds is 3 years. The prospectus is supported by the Second Party Opinion (view) and the Green Bond Framework (view), developed with the support of IFC. “This significant achievement underscores our commitment to the principles of sustainable development and environmental responsibility,” says financial analyst of the TGS group of companies T.Bulanbay.

The placement of the bonds on the Kazakhstan Stock Exchange (KASE) is expected in the first quarter of 2024, providing institutional investors focused on supporting ESG projects with a unique opportunity to invest in green projects. SkyBridge Invest JSC will act as an underwriter. The funds will be used to finance the construction of a 50 MW solar power station “Kun Bulagy” in the Issyk-Kul district of the Issyk-Kul region of the Kyrgyz Republic.