Astana International Exchange held a listing ceremony for the second issue of sovereign panda bonds

Within the framework of Astana Finance Days, a solemn listing ceremony of the second issue of sovereign panda bonds of the Republic of Kazakhstan took place on the AIX Exchange. By continuing the successful history of Kazakhstan's presence in the Chinese capital market, the second issue of panda bonds totaling 6.6 billion yuan was carried out. The second issue of sovereign panda bonds was successfully placed in two tranches: 5 billion yuan for 3 years at a rate of 1.82% and 1.6 billion yuan for 5 years at a rate of 1.95% per annum. Of particular importance is the achieved level of yield, which has become a truly record low among sovereign issues in the panda bond market. At the same time, the total volume of demand in the book of applications was 2.5 times higher than the supply. Successful placement and high interest confirm the strengthening of confidence in Kazakhstan and a high assessment of the country's credit quality. The three-year and five-year tranches placed expanded Kazakhstan's sovereign yield curve in Chinese yuan and formed new yield benchmarks for future issues of Kazakh issuers. The ceremony was attended by the leadership of the Ministry of Finance, Astana Inter...