National Information Technologies JSC raised KZT 3 billion by issuing bonds
On December 27, 2024, National Information Technologies JSC (NITEC) successfully placed its first bonds on the Kazakhstan Stock Exchange (KASE). The company raised KZT 3 billion at 19% per annum.
The bond placement allowed NITEC to enter the debt capital market, which is an important step in the company's further development. The funds raised by placing bonds will be used to develop the information and communication infrastructure ensuring the work of government agencies in Kazakhstan.