Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 247

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 247
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PC 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 bonds are in October and September 2026. Interest payments are due to be made 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 two years, following the issue date, the issuer has the option to redeem the bonds in full or in part at nominal value plus accrued interest.  The Freedom SPC bonds due 2027 bear interest at an annual rate of 8%, 9% and 10% and maturity date in May 2027. Interest is paid on a quarterly