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A business centre managed by Marden Property

Bonds

Инвестируйте вместе с Marden Property

Фиксированная доходность 10% годовых в долларах   Выплата купона ежемесячно

  • 20 years in commercial real estate management
  • 11 из 24 купонов выплачено вовремя

Issue parameters

All material terms — exactly as disclosed on KASE.

Outstanding, 2025–2027

  • 10,0% Yield
  • $10 Face value
  • 2 years Term
  • Monthly Coupons
  • KASE Exchange

Issue summary MRDNb1

The issuer and arrangers of the issue
Issuer Marden Property Management Company LLP
Ticker MRDNb1
ISIN KZ2P00014673
Underwriter Alatau City Invest JSC
Market maker Alatau City Invest JSC
Placement terms
Currency USD
Issue volume $10 000 000
Placement date 11.09.2025
Maturity date 11.09.2027

Risks and controls

Every risk of the issue is matched by a mechanism that limits it.

  • Client diversification

    Income comes from managing real estate for different owners and properties, which reduces dependence on any single client.

  • Currency risk

    The company's financial model withstands a rise in the exchange rate to 1,014 tenge per dollar without losing solvency.

  • Asset coverage

    The issue is secured by the company's own assets: an LTV of 32% means the value of the assets exceeds the placement volume several times over.

  • Operational risk

    An independent Ernst & Young audit and the corporate Marden 365 monitoring system provide transparency and control.

News for investors

  • Coupon

    The June coupon payment was made to bondholders on time.

  • Reporting

    IFRS financial statements for Q1 2026 have been published.

  • Coupon

    The May coupon payment was made to bondholders on time.

  • Coupon

    The April coupon payment was made to bondholders on time.

  • Reporting

    Ernst & Young audit opinion for 2025 — unqualified.

  • Redemption

    The scheduled redemption date for the face value of the issue has been set at 11 September 2027.

Documents

Investor relations department

We'll answer questions about the bond issue, financial indicators and investment terms.

Прозрачность и раскрытие информации

  • KASE The MRDNb1 issue has been included in the official list of the Kazakhstan Stock Exchange
  • Ernst & Young Annual independent audit of financial statements since 2020
  • 20 лет Опыта управления коммерческой недвижимостью в Казахстане
  • 660 000 м² коммерческой недвижимости в портфеле компании
Download the teaser (PDF)