ALTYN PLC: AIX Bond placement complete
June 30 2020 - 2:00AM
UK Regulatory
TIDMALTN
Altyn Plc
("Altyn" or the "Company")
AIX Bond placement complete
Altyn is pleased to announce that the bond issue on the Astana
International Exchange (aix.kz) was fully placed by Freedom Finance
JSC with the Company raising the targeted $10m amount. This
achievement is a significant vote of confidence of investors in the
future of the Company. The successful bond issue also allows Altyn
to diversify its sources of funding by tapping the domestic retail
driven capital market. The proceeds will be mainly used for capital
development and continued growth of the Company.
Aidar Assaubayev, the CEO of Altyn PLC commented: "Another
milestone was achieved by Altyn this year, being the first private
company to achieve a successful bond placement on the Astana
International Exchange, a statement on investor's confidence in
Altyn. This placement allows us to diversify our sources of funding
but also to contribute the development of the nascent AIX market in
Kazakhstan. The funds will sustain our investment drive and
strengthen our growth prospects despite challenging global economic
environment".
Sergey Lukyanov, the CEO of Freedom Finance JSC, commented: "We
are extremely proud of the successful placement of the Altyn bonds
as it was our first transaction on the AIX from the private sector
and it says a lot about our team of professionals in that we were
able to market, structure, navigate and close this transaction
successfully amid unprecedented market circumstances resulting from
the COVID-19 pandemic".
Further Information:
For further information please contact:
Altyn Plc
Rajinder Basra
+44 (0) 207 932 2455
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
Information on the Company
Altyn Plc (LSE:ALTN) is an exploration and development company,
which is listed on the main market segment of the London Stock
Exchange.
To read more about Altyn Plc please visit our website
www.altyn.uk
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200629005645/en/
CONTACT:
Altyn Plc
SOURCE: Altyn Plc
Copyright Business Wire 2020
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June 30, 2020 02:00 ET (06:00 GMT)
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