Toyota Financial Services Kazakhstan (TFS), a microfinance organization, issued unsecured coupon bonds on July 16, 2025, worth approximately $9.5 million. Proceeds from the bond placement will be used to provide microloans to individuals and businesses in Kazakhstan, secured by vehicles, according to a release on the Kazakhstan Stock Exchange (KASE) website.
This marks the fifth bond issue under the company’s first bond program, which totals nearly $190 million.
In 2024, TFS reported net income of approximately $17.5 million.
The company plans to issue 5 million bonds with a par value of $1.90 each. The coupon rate on the four-year bonds will be set after the first trading, with interest paid semiannually.
TFS currently has four active bond issues totaling nearly $40 million.
Toyota Financial Services Kazakhstan is the financial arm of Toyota Motor Corporation, offering financing programs to customers.
Established in 2013, TFS is a subsidiary of British-based Toyota Financial Services PLC, which is owned by Toyota Financial Services Corporation, a unit of Japan’s Toyota Motor Corporation.
