Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 101

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 101
---
 margin lending and trade payables$507,734 $1,322,241 The fair value of collateral held by the Group under margin loans as of September 30, 2025, and March 31, 2025 was $4,345,807 and $4,521,411, respectively.

38

Table of ContentsFREEDOM HOLDING CORP.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(All amounts in thousands of United States dollars, except share data, unless otherwise stated)

NOTE 12 – DEBT SECURITIES ISSUED

As of September 30, 2025, and March 31, 2025, outstanding debt securities issued by the Group included the following:Debt securities issued by:Principal Amount as of September 30, 2025Principal Amount as of March 31, 2025Interest rateIssue dateMaturity dateDenominated CurrencyFreedom SPC bonds due 2026$200,860 $201,311 10.5%September, 2024September, 2026USDFreedom SPC bonds due 2027200,551 — 10.0%May, 2025May, 2027USDFreedom SPC bonds due 2028200,263 200,305 1-2 years: 12%3-5 years: EFFR + 6.5%December, 2023December, 2028USDFreedom SPC bonds due 202768,875 — 8.0%May, 2025May, 2027EURFreedom SPC bonds due 202664,930 64,801 5.5%October, 2021October, 2026USDFreedom SPC bonds due 20271,779 — 9.0%May, 2025May, 2027CNYAccrued interest5,516 3,134 Total debt securities issued$742,774 $469,551 The Freedom SPC bonds are denominated in U.S. dollars, euros, Chinese yuans and were issued under Astana International Financial Centre ("AIFC") law and trade on the AIX. The Group is a guarantor of the Freedom SPC bonds.The Freedom SPC bonds due 2026 bear interest at an annual rate of 5.5% and 10.5%. The maturity dates for those