Astana International Exchange (“AIX”, “Exchange”) in conjunction with BCC Invest JSC is pleased to announce the listing of new exchange-traded notes – BCC Global Exchange Traded Notes (“ETNs”, “Notes”) linked to the performance of one of the largest domestic interval mutual funds – “CenterCredit-Valyutniy”. These Notes are issued by a Special Purpose Company (“SPC”) – Global Fund A SPC Limited whose sole assets are units in the Interval Mutual Fund and cash. The notes will be traded on AIX with; BCC Invest acting as a Market Maker, providing easy access and liquidity for investors.
CEO of AIX, Tim Bennett, commented:
“Cooperation with our trading members is one of the pillars of our successful development. By listing these ETNs in cooperation with BCC Invest, AIX has demonstrated its commitment to develop opportunities to the local investors and clients of our trading members. Listing and trading in these ETNs will allow the local investors to invest and trade out of their investments at any time.”
CEO of BCC Invest, Nurlan Kalamkhatov, noted:
“We appreciate the mutually beneficial partnership with AIX. Providing a wider range of affordable instruments to retail investors is an integral part of the efficient capital market. We expect that retail investor interest in USD-denominated fixed income instruments will increase, which will have a positive impact on boosting liquidity in the AIX secondary market. We look forward to further successful partnership between our organizations.”
Subsidiary Bank Sberbank of Russia JSC in Kazakhstan is appointed as a Custodian bank to provide the safekeeping of underlying assets, and CROWE Kazakhstan is appointed as an auditor company for the SPC.
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English common law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details: www.aix.kz
AIFC. The Astana International Financial Centre was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. The Centre’s development strategy until 2025 was approved by the Management council of the AIFC during the council’s meeting on July 2, 2020. In accordance with the strategy, the vision of AIFC is in becoming the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe. The mission of the AIFC is in assisting the sustainable and long term development of the region. As the head of state Tokayev noted, “AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region.” The strategic directions for the sustainable development of the AIFC include the development of a circular economy, financial technologies, and “digital financial centre.” www.aifc.kz