Freedom Finance Global PLC conducted the placement of CITIX Ltd. bonds.
Sergey Lukyanov, Chairman of the Board of Directors of Freedom Finance Global PLC
Author - Mansur Ismagulov
The Tech AI
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Freedom Finance Global PLC has issued two-year USD-denominated CITIX Ltd. bonds on the AIX for an amount of $10,000,000 with a coupon rate of 10.5% per annum. The raised funds will be used by the company to expand its business in Turkey and the UAE.
Freedom Finance Global PLC listed two-year USD bonds of CITIX Ltd. on the Astana International Exchange. The total volume of the issue is $10,000,000, with a coupon rate of 10.5% per annum, payable quarterly.
CITIX Ltd. is the leader of the Kazakh digital out-of-home advertising market, utilizing innovative technologies and having a presence in Turkey. The company displays advertisements on electronic smart boards using blockchain technology and unique patented software.
The funds raised from the bond issuance will be directed by CITIX Ltd. toward expanding its business in Turkey and the UAE.
Today, CITIX Ltd. is one of the fastest-growing players in the Kazakh advertising market. A high level of innovation based on advanced blockchain technologies ensures the company's rapid growth and transparency of its processes. The company has responsibly approached the determination of the bond issuance parameters.
Stable revenue and operating profit growth dynamics, ambitious plans for international business expansion, and a reliable funding structure confirm CITIX Ltd.'s ability to service all current and future financial obligations.
The listing of this technology startup on the AIX is a vivid example of the development of our securities market. Such issuances contribute to the diversity of financial instruments and increase the interest of potential issuers in the securities market. Following the issuance, we note high demand from Freedom Broker clients, who are ready to support domestic companies. In addition to the opportunity to earn high returns, investing allows them to be part of major stories, such as the exponential growth of this developer of comprehensive intelligent solutions at the intersection of AdTech and Smart City.
Yana Shoybekova, Chief Executive Officer of CITIX Ltd.
The global goal of CITIX today is to become an international company founded and developed in Kazakhstan, globally exporting its products and technologies. The bond issuance and the trust shown by investors demonstrate that we are capable of achieving this goal. We are witnessing another chapter of a great story made possible by our team and their belief in the product. The raised funds will be used to strengthen our position in Turkey and launch production in the UAE.
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