Freedom Holding Corp. Subsidiary Top Bond Underwriter in Kazakhstan
ALMATY, KAZAKHSTAN / ACCESSWIRE / January 20, 2022 / Freedom Holding Corp. (NASDAQ:FRHC) (the "Company") today announced its subsidiary JSC Freedom Finance has been recognized as the top investment bond bookrunner in Kazakhstan by Cbonds in its annual bookrunner league table rankings for 2021. Freedom Finance secured the top spot for all issues in terms of funds raised with KZT516 billion, which represented 35.76% of the total, and first in terms of number of issuers represented at 15 and in number of bond issues completed at 29 offerings.
Renat Syzdykov, Director of Investment Banking at Freedom Finance, said, "this accomplishment marks an important milestone for our investment banking department, which has also been acknowledged as the 2021 top bookrunner for local Kazakh bonds with open market distribution of 42.85% or more than KZT473 billion, included in the total bonds placed. We believe these accomplishments evidence our reputation for integrity, outstanding performance for public and private clients, and our continuing commitment to provide financial support that will foster economic growth in Kazakhstan."
About Freedom Holding Corp.
Freedom Holding Corp., a Nevada corporation, is a financial services holding company conducting retail financial securities brokerage, investment research, investment counseling, securities trading, investment banking and underwriting services and consumer banking through its subsidiaries under the name of Freedom Finance in Europe and central Asia. The Company employs more than 2,900 persons and is a professional participant in the Kazakhstan Stock Exchange, Astana International Exchange, Moscow Exchange, Saint-Petersburg Exchange, Ukrainian Exchange, Republican Stock Exchange of Tashkent, and Uzbek Republican Currency Exchange. The Company is also members of the New York Stock Exchange and Nasdaq Stock Exchange. The Company is headquartered in Almaty, Kazakhstan, with administrative office locations in Russia, Cyprus, and the United States.
Company common shares are registered with the United States Securities and Exchange Commission and are traded in the United States on the Nasdaq Capital Market, operated by Nasdaq, Inc.
Cbonds was founded in 2000 and provides a worldwide clientele of regional banks, asset managers, family offices and private investors comprehensive information on global financial markets, with principal focus on reliable and current bond market data through its investment league tables publications.
Cautionary Note Regarding Forward-Looking Statements
This release contains "forward-looking" statements. All forward-looking statements are subject to uncertainty and changes in circumstances. Forward-looking statements are not guarantees of future results or performance and involve risks, assumptions and uncertainties that could cause actual events or results to differ materially from the events or results described in, or anticipated by, the forward-looking statements. Factors that could materially affect such forward-looking statements include certain economic, business, and regulatory risks and factors identified in the Company's periodic and current reports filed with the Securities and Exchange Commission. All forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements.
Freedom Holding Corp. intends to use its website, https://ir.freedomholdingcorp.com, as a means for disclosing material non-public information and for complying with SEC Regulation FD and other disclosure obligations.
SOURCE: Freedom Holding Corp.
View source version on accesswire.com:
Released January 20, 2022