Last checked at 30 Jun 2020 07:00
Altyn Plc("Altyn" or the "Company")AIX Bond placement complete
Altyn is pleased to announce that the bond issue on the Astana International Exchange (aix.kz) was fully placed by Freedom Finance JSC with the Company raising the targeted $10m amount. This achievement is a significant vote of confidence of investors in the future of the Company. The successful bond issue also allows Altyn to diversify its sources of funding by tapping the domestic retail driven capital market. The proceeds will be mainly used for capital development and continued growth of the Company.
Aidar Assaubayev, the CEO of Altyn PLC commented: “Another milestone was achieved by Altyn this year, being the first private company to achieve a successful bond placement on the Astana International Exchange, a statement on investor’s confidence in Altyn. This placement allows us to diversify our sources of funding but also to contribute the development of the nascent AIX market in Kazakhstan. The funds will sustain our investment drive and strengthen our growth prospects despite challenging global economic environment”.
Sergey Lukyanov, the CEO of Freedom Finance JSC, commented: “We are extremely proud of the successful placement of the Altyn bonds as it was our first transaction on the AIX from the private sector and it says a lot about our team of professionals in that we were able to market, structure, navigate and close this transaction successfully amid unprecedented market circumstances resulting from the COVID-19 pandemic”.
Further Information:
For further information please contact:
Altyn Plc
Rajinder Basra
+44 (0) 207 932 2455
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.
Information on the Company
Altyn Plc (LSE:ALTN) is an exploration and development company, which is listed on the main market segment of the London Stock Exchange.
To read more about Altyn Plc please visit our website www.altyn.uk
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