Freedom Holding Explores $500M Bond Issuance to Fund Bank and Marketplace Acquisitions in Kazakhstan and Turkey

Freedom Holding Corp. (FRHC) announced a sweeping international expansion strategy, which may be financed by the potential issuance of up to $500 million in bonds, possibly targeting U.S. investors.

• CEO Timur Turlov plans to acquire a bank and a local marketplace in Kazakhstan, and is also seeking a second-tier bank in Turkey.
• The holding is simultaneously focused on developing its SuperApp into a full digital ecosystem within the U.S. market.
• Shares remained largely flat following the news, trading at $115.58.