BAKU, Azerbaijan, September 11. The Astana
International Exchange (AIX) has announced the listing of the
second issue of panda bonds by Kazakhstan’s Ministry of Finance,
with the two-tranche issue totaling 6.6 billion Chinese yuan
($984.1 million).
According to the AIX, the bonds, denominated in Chinese yuan
(RMB), were placed in two tranches.
The first tranche, worth 5 billion yuan ($745.5 million), has a
maturity of three years and a coupon rate of 1.82% per annum.
The second tranche, worth 1.6 billion yuan ($238.6 million), has
a maturity of five years and a coupon rate of 1.95% per annum.
AIX Chairperson Assel Mukazhanova noted that recent
yuan-denominated bond issues demonstrate sustained interest from
international investors in Kazakhstan’s sovereign and
quasi-sovereign debt.
“Recent bond issues denominated in Chinese yuan demonstrate
sustained interest from international investors in Kazakhstan’s
sovereign and quasi-sovereign debt. These landmark transactions
also create a basis for further corporate placements, providing
Kazakh companies with access to the Chinese capital market,”
Mukazhanova said.
AIX was established in 2017 as part of the development of the
Astana International Financial Centre (AIFC). Its shareholders are
the AIFC, Shanghai Stock Exchange, Silk Road Fund and Nasdaq. The
exchange operates within a regulatory framework based on English
law, providing conditions for investment activities.
The AIFC is an ecosystem designed to support business in
accordance with international standards, attract investment and
develop Kazakhstan’s financial market through the introduction of
new products and services.
