NasdaqGS:KSPIConsumer Finance
Does Kaspi.kz’s (KSPI) Oversubscribed Bond Deal Reveal a Deeper Shift in Its Funding Strategy?
Kaspi.kz has recently completed a US$600,000,000 issuance of 5.900% senior unsecured Eurobonds due 2031, its second deal since attaining investment grade status, with demand from about 130 institutional investors and a reported 3.5 times oversubscription to support general corporate purposes and liquidity.
This level of interest from global fixed-income investors underscores Kaspi.kz’s access to diversified funding and reinforces its position as an investment-grade corporate issuer from...