Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 80

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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As of June 30, 2025, and March 31, 2025, outstanding debt securities issued by the Group included the following:Debt securities issued by:Principal Amount as of June 30, 2025Principal Amount as of March 31, 2025Interest rateIssue dateMaturity dateDenominated CurrencyFreedom SPC bonds due 2026$201,087 $201,311 10.5%September, 2024September, 2026USDFreedom SPC bonds due 2028200,284 200,305 1-2 years: 12%3-5 years: EFFR + 6.5%December, 2023December, 2028USDFreedom SPC bonds due 2027160,775 — 10.0%May, 2025May, 2027USDFreedom SPC bonds due 202664,865 64,801 5.5%October, 2021October, 2026USDFreedom SPC bonds due 202738,048 — 8.0%May, 2025May, 2027EURFreedom SPC bonds due 20271,017 — 9.0%May, 2025May, 2027CNYAccrued interest4,049 3,134 Total debt securities issued$670,125 $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 bonds are in October and September 2026. Interest payments are due to be paid semi-annually in April and October, and on a quarterly basis.  For the first two years of Freedom SPC bonds due 2028, the annual interest rate is 12% and for subsequent years the interest rate will be fixed and set as the sum of Effective Federal Funds Rate (EFFR) as of December 10, 2025 and a margin of 6.5%. Interest is paid on a monthly basis. The bondholders have a right of early redemption after two years at nominal value plus accrued interest. After