The national company ‘Kazakhstan Temir Zholy’ (KTZ) has announced the placement of bonds totalling $1 billion. The deal comes amid an increase in the company's debt burden, which has approached 3 trillion tenge.
WHAT LOAN IS THE COMPANY PREPARING
According to Exclusive.kz citing the Kazakhstan Stock Exchange (KASE), the loan is planned to be placed in two tranches with terms of up to 5 and 10 years.
The company intends to use the funds raised for investment projects, including the purchase of locomotives from Wabtec.
WHERE WILL THE BONDS BE PLACED
The placement of bonds is planned both on international capital markets and on Kazakhstan's platforms — KASE and the Astana International Exchange (AIX).
This format allows the company to attract funds from both foreign and domestic investors.
WHAT IS LISTED AS COLLATERAL
As collateral for its obligations, KTZ intends to use the assets of its subsidiary structures — ‘Kaztemirtrans’ and ‘KTZ-Zhuk tasymaly’.
Additional parameters of the issue and the amount of collateral are not specified in the material.
HOW THE DEBT BURDEN HAS CHANGED
According to published data, in 2024 the company's debt burden stood at approximately 2.65 trillion tenge. By the middle of 2025, the figure had approached 3 trillion tenge.
This represents an increase in liabilities against the backdrop of an ongoing investment programme.
WHAT THE COMPANY SAID
Despite the growth in debt, KTZ stated that it maintains financial stability and the ability to service its obligations through operating profit.
No other financial indicators are provided in the given context.