Quarterly report pursuant to Section 13 or 15(d)

DEBT SECURITIES ISSUED

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DEBT SECURITIES ISSUED
 3 Months Ended
Jun. 30, 2023
Debt Securities [Abstract]  
DEBT SECURITIES ISSUED DEBT SECURITIES ISSUED
As of June 30, 2023, and March 31, 2023, outstanding debt securities issued by the Group included the following:
Debt securities issued by:
June 30, 2023
March 31, 2023
Freedom SPC $ 64,354  $ 58,582 
Accrued interest 687  1,443 
Total debt securities issued $ 65,041  $ 60,025 
As of June 30, 2023, and March 31, 2023, the Company’s outstanding debt securities had a fixed annual coupon rate of 5.5% and maturity date in October 2026.
The Group’s debt securities as of June 30, 2023, include $64,354 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 5.5% and are due in October 2026. The Freedom SPC bonds were issued under Astana International Financial Centre law and trade on the AIX. The Company is a guarantor of the Freedom SPC bonds. The proceeds from the issuance of the Freedom SPC bonds were loaned to the Company pursuant to a loan agreement dated November 22, 2021. The interest rate under the loan agreement is 5.5% 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. The Group has no covenants to comply with in its debt securities.