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$FRHC Follow-up: Can Freedom carry up to $1.16B of 7.8% bonds sold to a Baiterek-group fund without straining covenants or the share count?
🏦 Freedom Holding, owner of Freedom Bank Kazakhstan, signed on October 23, 2026 for a fund in the Baiterek national investment holding group to buy up to $1.16B of its subsidiary's 5-year, 7.8% dollar bonds
🏢 Up to $1.16B is about 10% of Freedom's $11.20B market value at $175.55 a share at 16:00 ET on October 28, 2026, and about 86% of its $1.35B cash at June 30, 2026
📈 Freedom gets fixed-rate funding without underwriters, released from escrow in stages with Fund consent, callable after year one on 180 days' notice
📅 Next: Freedom plans to file the agreements with its 10-Q for the quarter ending December 31, 2026
Source: SEC 8-K, Oct 29
