Astana International Exchange (“AIX” or the “Exchange”) is pleased to announce successful listing of commercial papers issued in two tranches by Alatau City Bank Joint Stock Company under the Programme with a total amount up to US$500,000,000. Issued tranches represent zero-coupon commercial papers maturing in 6 and 12 months with a value of US$100 mln each.
Birzhan Astayev, AIX Chief Markets and Products, said:
“This marks the first issuance of commercial papers on AIX, and we are pleased to welcome Alatau City Bank with the launch of its debut Commercial Papers Programme. This important milestone reflects the market’s positive response to AIX’s introduction of new products, as well as growing confidence in our infrastructure and increasing interest from issuers seeking efficient short-term funding and enhanced financial flexibility.”
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AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, the Shanghai stock exchange, the Silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. www.aix.kz
The Astana International Financial Centre (AIFC) is a leading financial hub in the Eastern Europe and Central Asia region, designed to connect global capital with the vast opportunities of emerging markets. Positioned at the crossroads of Europe and Asia, the AIFC combines international best practices with innovative approaches to create a world-class platform for investment, business, and financial services. Since its establishment in 2018, the AIFC has attracted over USD 15.9 bln in investments into Kazakhstan’s economy. Over 4,000 companies from 80+ countries, including the USA, the UK, China, Turkiye, the Republic of Korea, Singapore, and others, are registered within the AIFC’s jurisdiction. www.aifc.kz