Astana International Exchange (“AIX”, “Exchange”) is pleased to announce that the Government of the Republic of Kazakhstan, represented by the Ministry of Finance, has issued and placed Russian RUB-denominated bonds on AIX and Moscow Exchange (MOEX). These four series amounted 10 bln Rubles each; two tranches are to mature 2031 with two others in 2026 and 2028 accordingly. The amount of 7.76 bln Rubles (an equivalent of US$ 107 mln) has been raised on AIX.
First Heartland Securities (FHS), has been mandated to lead the offering on AIX. The Eurasian Development Bank, Sberbank CIB, the Moscow Credit Bank, Gazprombank and VTB Capital have been Co-Lead Managers at MOEX. The EDB’s presence in the transaction as one of the organizers, which is a trading member on AIX and on most of the national exchanges of the EAEU countries, allowed investors to participate in the transaction both on AIX and MOEX.
Renat Bekturov, CEO of AIX, stated:
“We are proud to serve as a local listing venue for the issuance of the Sovereign bonds. We assume that this benchmark bond offering shall pave the way for other Kazakhstani corporate issuers to tap the market and will help the Government to achieve the strategic goals to diversify the FX basket of the sovereign debt and broaden the investor base.”
This is the fourth listing of the Ministry’s bonds on AIX.
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AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, 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. More details:www.aix.kz
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The Astana International Financial Centre was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. The Centre’s development strategy until 2025 was approved by the Management council of the AIFC during the council’s meeting on July 2, 2020. In accordance with the strategy, the vision of AIFC is in becoming the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe. The mission of the AIFC is in assisting the sustainable and long-term development of the region. As the head of state Tokayev noted, “AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region. ”The strategic directions for the sustainable development of the AIFC include the development of a circular economy, financial technologies, and “digital financial centre.” https://aifc.kz/