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Kaspi.kz Announces $650 Million Eurobond Offering

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Kaspi.kz JSC Sponsored ADR RegS ( (KSPI) ) has shared an update.

On March 21, 2025, Kaspi.kz announced the pricing of a $650 million Eurobond offering with a 6.250% interest rate due in 2030, marking the largest investment-grade bond issuance by a non-sovereign entity from Kazakhstan. The issuance highlights Kaspi.kz’s robust business model and strong market position, as the company plans to use the proceeds for general corporate purposes, further strengthening its financial standing and operational capabilities.

More about Kaspi.kz JSC Sponsored ADR RegS

Kaspi.kz is a company focused on improving people’s lives through innovative mobile products and services, operating a unique two-sided Super App model. The Kaspi.kz Super App caters to consumers, while Kaspi Pay Super App serves merchants, offering leading Payments, Marketplace, and Fintech Platforms. This approach results in strong growth and a profitable business model, with a significant presence in Kazakhstan and Türkiye.

YTD Price Performance: -3.31%

Average Trading Volume: 311,383

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $18.91B

Learn more about KSPI stock on TipRanks’ Stock Analysis page.

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