Quarterly report pursuant to Section 13 or 15(d)

Debt Securities Issued

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Debt Securities Issued
9 Months Ended
Dec. 31, 2018
Debt Securities [Abstract]  
Debt Securities Issued

 

    December 31,    

March 31,

2018

 
      2018     (Recast)  
Debt securities issued denominated in USD   $ 18,417     $ 7,006  
Debt securities issued denominated in KZT     7,718       4,025  
Accrued interest     438       191  
Total   $ 26,573     $ 11,222  

 

As of December 31, 2018 and March 31, 2018, the Company had outstanding bonds of Freedom KZ under Kazakhstan law in the amount of $26,573 and $11,222, respectively. As of December 31, 2018, these bonds had fixed annual coupon rates ranging from 8% to 11.5% and maturity dates ranging from January 2019 to May 2021. As of March 31, 2018, debt securities issued included Asyl bonds in the amount of $3,015 with an 8% fixed annual coupon rate and a maturity date of August 2018, which were fully redeemed in April 2018.

 

Debt securities issued are initially recognized at the fair value of the consideration received, less directly attributable transaction costs. Debt securities issued as of December 31, 2018 and March 31, 2018, included $438 and $191 accrued interest, respectively. The Freedom KZ bonds are actively traded on Kazakhstan Stock Exchange.