Schoolbinds of Asel Tasmagambetova and Kenes Rakishev are secured on KASE stock exchange.
Kazakhstan's Shoqan School Makes History as First Educational Institution to Issue Bonds on the Capital Market
Shoqan Walikhanov Private School, a renowned Kazakh educational establishment, has pioneered the way for educational institutions in Kazakhstan by successfully raising funds through the capital market, issuing bonds worth 1 billion tenge.
According to a statement issued by the school, this move makes Shoqan School the first educational institution in the country to secure funding through the capital market. The school's administration expressed its satisfaction with the initiative, emphasizing its uniqueness and significance.
The bond issuance provides an opportunity for parents and other interested parties to become contributors to the school's development by purchasing Shoqan School bonds. This investment tool, the school notes, offers a reliable and profitable avenue for growth.
Key parameters of the bond include a nominal value of 1,000 tenge, a term of 3 years, a yield of 21% per annum, quarterly coupon payments, and trading on KASE's alternative platform. The high yield of 21% per annum is significantly higher than standard bank deposit rates, making this investment particularly attractive to those seeking higher returns.
Interestingly, following the initial investment, interest payments are made every three months. All operations are carried out through the Kazakhstan Stock Exchange (KASE), ensuring full compliance with legal requirements.
Funds raised from the bond issue will be used for the development of the school's infrastructure and operations. The bond is accessible to anyone, with no minimum purchase limit. Those interested in investing are encouraged to contact Teniz Capital Investment Banking for more details.
Founded by Aisel Tasmagambetova and Kazakhstani entrepreneur Kenes Rakishev, Shoqan School is designed to accommodate 1,350 students from grades 1 to 11. The school prides itself on an objective and transparent assessment system that monitors individual student development effectively, integrate the best educational technologies from Kazakhstan and international sources.
While the bond offers attractive returns, investors are advised to consider potential risks associated with high-yield investments, particularly credit and market volatility. These risks include credit risk, interest rate risk, currency risk, market volatility, liquidity risk, and regulatory and country-specific risks. A comprehensive look at the bond's terms and market conditions is essential to make an informed investment decision.
The Shoqan School's bond issuance on the capital market, a first for an educational institution in Kazakhstan, opens up an opportunity for investors to become contributors to the school's development, providing a reliable and profitable avenue for growth in the finance industry. The high yield of 21% per annum, significantly higher than standard bank deposit rates, makes this investment attractive for those seeking higher returns in the business sector, but potential risks associated with high-yield investments should be carefully considered.
