BCC Invest Advises on Launch of KASE “SME Qadam Bonds” Program to Support SME Financing

BCC Invest acted as a financial advisor to the new program of the Kazakhstan Stock Exchange (KASE), aimed at supporting the development of small and medium-sized businesses (SMEs), “KASE SME Qadam Bonds”.

The program was launched in January 2026. The goal of this initiative is to help SMEs operating in the real sector of the economy attract financing on the securities market by issuing bonds under simplified conditions – in a shorter time frame and at lower costs.

The first issuer under this program was Rokos Logistics, a company specializing in freight transportation. On February 3, 2026, the company’s bonds were included in the official list of KASE in the amount of 800 million tenge with a maturity of three years.

Companies participating in the program have the opportunity to raise unsecured funds on the stock market with optimized costs and simplified exit procedures. The bonds are placed on the KASE platform under preferential terms, which enhances the investment attractiveness and transparency of SMEs and develops the corporate borrowing market.

Who is the program suitable for and why:

• companies with a history of operations of at least two years
• businesses with confirmed financial stability and audited financial statements
• issuers with a transparent structure and without regulatory and legal risks

Key release parameters:

• Amount of financing:

• small business – up to 300,000 MCI (≈ 1.3 billion tenge in 2026)
• medium business – up to 3,000,000 MCI (≈ 13.0 billion tenge in 2026)
• Bond circulation period – up to three years
• The currency of the bonds’ face value is tenge

Companies belonging to small and medium-sized businesses operating in the real sector of the economy are allowed to participate. Financing period up to three years under market conditions.

More detailed information about the program will soon appear on our corporate website https://www.bcc-invest.kz/