Exchange Traded Notes tracking the performance of Kazakhstani banks are listed at AIX

Astana International Exchange (“AIX”) is pleased to announce the listing of new exchange-traded notes – Kaz Financials Exchange Traded Notes (“Notes”) linked to the performance of the shares of local banks. These Notes are issued by a Special Purpose Company (“SPC”) – Kaz Financials SPC Limited, whose sole assets (at inception) are shares in Bank CenterCredit (CCBN), HalykBank (HSBK) and Kaspi (KSPI.S). The structure of the portfolio can be changed based on the recommendations of BCC Invest acting as an Adviser to the SPC in investment matters. BCC Invest also acts as the Market Maker for the Notes on AIX.

Renat Bekturov, CEO of the AIX, commented:

“Structuring various exchange traded investment products for the benefit of investors is an important factor for the further development of capital markets in Kazakhstan and we, at AIX, are happy to be a main platform for this process.”

Deputy CEO of BCC Invest, Alibek Urazakov, noted:

” BCC Invest as one the leading investment companies in the Republic of Kazakhstan ready on every step of developing capital market in our country to provide investors with diversified investment opportunities.”

Reference:

AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details: www.aix.kz

The Astana International Financial Centre was established on the initiative of the First President of the Republic of Kazakhstan – Elbasy Nursultan Nazarbayev as part of the National Plan “100 steps to implement five institutional reforms”. On July 2, 2020, as part of the meeting of the AIFC Management Council, the Center’s Development Strategy was adopted until 2025. According to it, the vision of the AIFC is to become a leading international financial centre in the region, including Central Asia, the Caucasus, the EAEU countries, Western China, Mongolia and Eastern Europe.

The mission of AIFC is to promote the sustainable long-term development of the region. As the Head of State noted, K.Tokayev, “The AIFC with its unique capabilities can act as a universal platform connecting the countries of the region.” https://aifc.kz/

JSC “BCC Invest” is one of the largest investment banks in Kazakhstan; it is part of the Bank CentreCredit group. BCC Invest is the TOP-3 broker by assets in the Republic of Kazakhstan. The company manages the largest investment fund with the amount of USD 120 million. BCC Invest is the holder of “Best Financial Advisor”, “Best Broker”, “Best Asset Manager” awards according to the International Business Magazine.