Annual report pursuant to Section 13 and 15(d)

DEBT SECURITIES ISSUED

v3.23.1
DEBT SECURITIES ISSUED
 12 Months Ended
Mar. 31, 2022
Debt Securities [Abstract]  
DEBT SECURITIES ISSUED DEBT SECURITIES ISSUED
As of March 31, 2022 and 2021, outstanding debt securities of the Company included the following:
March 31, 2022 March 31, 2021
(recast) (recast)
Debt securities issued denominated in USD $ 33,700  $ 30,700 
Accrued interest 690  649 
Total debt securities issued $ 34,390  $ 31,349 
As of March 31, 2022 and 2021, the Company's outstanding debt securities had fixed annual coupon rates ranging from 5.50% to 7% and maturity dates ranging from December 2022 to November 2026. The Company's debt securities include $20,500 of FRHC notes issued in December 2019. The FRHC notes denominated in U.S. dollars, bear interest at an annual rate of 7.00% and are due in December 2022. The FRHC notes were issued under Astana International Financial Centre ("AIFC") law and trade on the AIX.

The Company's debt securities also include $13,200 of Freedom SPC bonds issued in October 2021. The Freedom SPC bonds are denominated in U.S. dollars, bear interest at an annual rate of 5.50% and are due in October 2026. The Freedom SPC bonds were issued under AIFC law and trade on the AIX. FRHC is a guarantor of the Freedom SPC bonds. The proceeds from Freedom SPC bonds were loaned to FRHC pursuant to a loan agreement dated November 22, 2021.
The interest rate of the loan agreement is 5.50% per annum. Interest payments are duly semi-annually in April and October. Repayment of the loan is due October 2026.
Debt securities issued are initially recognized at the fair value of the consideration received, less directly attributable transaction costs.