Kazatomprom raises $50 million on the stock exchange

According to its press service, Kazatomprom has placed short-term coupon bonds on the Kazakhstan Stock Exchange (KASE). 

The nominal value of each of the 500,000 bonds is $100. The maturity is 30 days and the yield to maturity is 4.6%.

On October 27, 2022, the board of directors of Kazatomprom approved the decision to issue bonds for $200 million. The issuing and placement of bonds are set to happen any moment the company needs additional liquidity.

In the first half of the year, Kazatomptom reported a decline in uranium output by 3.6% to 10.07 thousand tons.

The company paid $491.9 million or $1.90 per one common share based on the results of 2021. The National Welfare Fund Samruk-Kazyna controls 75% of the company’s stock. Another 24.35% share belongs to CITIBANK, N.A.-N.Y.