Halyk Finance Investment Idea: Kazakhstan Housing Company JSC

JSC «Kazakhstan Housing Company» (KHC) – a single operator for housing construction in Kazakhstan, part of the «Baiterek» holding. The company specializes in financing housing construction, providing guarantees for the completion of apartment buildings, implementing rental housing with the right of redemption, and subsidizing mortgage loan rates for the population. The company's assets as of June 30, 2026, amounted to approximately 1.94 trillion KZT, and net profit for the first two quarters of 2026 was 24.8 billion KZT. 

• Minimum lot: 1,000 KZT
• Issue volume:
  KZIKb47: 50 billion KZT
  KZIKb48: 25 billion KZT
• Indicative yield:
  KZIKb47: 16.22%
  KZIKb48: 16.22%
• Circulation period
  KZIKb47 29.10.2026-29.10.2029 (3 years)
  KZIKb48: 29.10.2026-29.10.2029 (3 years)
• Coupon: rate to be determined based on the results of the first trading session 
• Coupon payment: Annually