Product
Bondholders' Representative
Monitoring issuer obligations and representing bondholders' interests
Bondholders' representative services
A bondholders' representative is an organisation that represents bondholders' interests and monitors the issuer's fulfilment of obligations under issued bonds.
The activities of a bondholders' representative are carried out in accordance with the legislation of the Republic of Kazakhstan on the securities market, the bond issue terms and the agreement concluded with the issuer.
Key functions of the representative
As part of providing bondholders' representative services, our Company:
- monitors the targeted use of funds received by the issuer from the placement of bonds;
- monitors and controls the issuer's fulfilment of obligations to bondholders;
- monitors timely payment of coupon income and repayment of principal;
- monitors the issuer's financial condition;
- analyses corporate events of the issuer that may affect fulfilment of obligations under the bonds;
- monitors collateral and other security for the bonds, where such security is provided by the issue terms;
- takes measures aimed at protecting the rights and legitimate interests of bondholders;
- informs bondholders about the results of financial condition monitoring and corporate event analysis, as well as actions taken, at least once per quarter.