“We closed positions in late 2014 - early 2015 without any losses. We saw the risk. OUR risk-management’s policy does not allow to purchase more than 15% of total issuance. According to my information, the 'Unified Accumulative Pension Fund’ JSC has acquired more than 50% of issued securities. As a banker or asset manager, I cannot understand reason of acquirement of securities in this volume”, she said.
Her deputy Yertay Salimov noted that Halyk Group invested $15 million in IBA’s securities: “But we could earn from this transaction”.
'Unified Accumulative Pension Fund’ JSC has invested 71.3 billion Tenge (AZN 392 million) in IBA’s bonds.
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