DEBT SECURITIES ISSUED
|9 Months Ended|
Dec. 31, 2020
|DEBT SECURITIES ISSUED|
|NOTE 10 - DEBT SECURITIES ISSUED||
NOTE 10– DEBT SECURITIES ISSUED
Debt securities issued for the periods ended December 31, 2020, and March 31, 2020, consisted of:
As of December 31, 2020, the Company’s outstanding debt securities had fixed annual coupon rates ranging from 6.5% to 12% and maturity dates ranging from May 2021 to January 2023. The Company’s debt securities include bonds of Freedom KZ and Freedom RU issued under Kazakhstani and Russian Federation law, which trade on the KASE and the MOEX, respectively. The Company’s debt securities also include $20,496 in the aggregate number of notes of FRHC issued from December 2019 to February 2020.The FRHC notes, denominated in U.S. dollars, have minimum denominations of $100 bear interest at an annual rate of 7.00% and are due in 2022.The FRHC notes were issued under Astana International Financial Centre law and trade on the AIX.
Debt securities issued are initially recognized at the fair value of the consideration received, less directly attributable transaction costs.
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef