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Bondholder’s representative (BR)

According to the legislation of the Republic of Kazakhstan upon issue and circulation of bonds, a BR represents interests of bondholders to issuers.


BR functions are as follows:
 

1. Control performance of the Issuer's obligations to bondholders set forth in the prospectus of bond issue;

1-1. Control intended use of money, received from bonds’ placement, by the issuer;

2. Control the status of property acting as a collateral for performance of the issuer's obligations to bondholders;

3. Conclude a contract with the issuer in relation to property acting as a collateral for performance of the issuer's obligations to bondholders;

3.1. Monitor financial status of the issuer and analyze its corporate events;

4. Take measures aimed at protection of bondholders’ rights and interests by filing a lawsuit regarding non-performance of the issuer’s obligations set forth in the prospectus of bond issue to the court on behalf of the bondholders owning fifty or more percent of placed (excluding bonds bought out) bonds of the Issuer

5. Inform the bondholders and the authorized body at least once a quarter on the actions taken in accordance with paragraphs 1, 1.1, 2, 3, 3.1 and 4 of this paragraph and the results of such actions.
We have an extensive experience in providing similar services. We are a leader as a BR in terms of the number of issuers and issues


Below is the list of national companies that are currently using our BR service:

• JSC “Sovereign Wealth Fund “Samruk-Kazyna”
• JSC “Sovereign Wealth Fund “Samruk-Kazyna”
• JSC “KazAgro” National Management Holding”
• JSC "Agrarian Credit Corporation"
• JSC “Kazakhstan Engineering” National Company”
• JSC “KazTransGaz Aimak”
• JSC "Almaty Power Stations"
• JSC “Alatau Jarykh Kompaniyasy”


Second-tier banks:

• JSC “Halyk Bank”
• JSC Subsidiary Bank “Sberbank Of Russia”
• JSC Subsidiary Bank “Alfa-Bank”
• JSC “Kazkommertzbank”
• JSC “VTB” etc.

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