Debt Instruments for financing UAE Fintech Deal Drive placed on AIX
Astana International Exchange (“AIX”, “Exchange”) is pleased to announce the successful placement of loan participation notes issued by R Debentures LLC, a Delaware series limited liability company, to finance a loan to Deal Drive Car Rental LLC, a technology-driven fintech platform that helps auto dealers in the MENA region and Europe to analyze and manage inventory, pricing, and sales using AI. The placement amounted to US$2 million, with a 2-year maturity and monthly coupon payments of 10.25% per annum.
The transaction was led by Raison Securities Limited, an AIFC registered brokerage company licensed by AFSA.
Birzhan Astayev, AIX Chief Markets and Products, noted: “We are happy to support innovative companies such as Deal Drive in accessing international investors. This placement not only offers attractive opportunities for local and regional investors but also highlights Kazakhstan’s growing role as a gateway to high-potential technology businesses worldwide. By connecting investors with fast-growing fintech and mobility sectors, our exchange strengthens its position as a regional hub for capital markets”.
Andrey Berezin, co-founder of Raison, added: “For us, it is important to bring to Kazakhstan not just financial instruments, but real technology companies with strong teams and proven track records. Deal Drive is exactly such a borrower: the platform has already demonstrated its efficiency in the European and MENA markets and has the potential to scale to a global level. We see strong investor interest in this issuance and are confident it will serve as a benchmark for future bond market entries by promising technology companies.”
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AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, 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. www.aix.kz
The Astana International Financial Centre (AIFC) is a leading financial hub in the Eastern Europe and Central Asia region, designed to connect global capital with the vast opportunities of emerging markets. Positioned at the crossroads of Europe and Asia, the AIFC combines international best practices with innovative approaches to create a world-class platform for investment, business, and financial services. Since its establishment in 2018, the AIFC has attracted over USD 17.2 bln in investments into Kazakhstan’s economy. Over 4,200 companies from 80+ countries, including the USA, the UK, China, Turkiye, the Republic of Korea, Singapore, and others, are registered within the AIFC’s jurisdiction. www.aifc.kz
