17-03-2025
Kazakhstan's Fintech Giant Kaspi Targets $500 Million Bond Deal
JSC, Kazakhstan's most valuable public company, could issue its first bond as soon as Tuesday, having marketed the debt to international fixed income investors last week, according to people familiar with the matter.
Almaty-based Kaspi, which operates banking and payment services across Kazakhstan, is looking to raise $500 million or more from a five-year bond, according to the people, who requested anonymity as details aren't public. Citigroup Inc. and JPMorgan Chase & Co. are arranging the transaction, the people said.
