Astana International Exchange (“AIX”, “Exchange”) is pleased to announce that KazMunayGas’ (“KMG”) debut Dim Sum Eurobond is successfully listed and admitted to trading on AIX. The national oil and gas operator became the first issuer to place a СNH-denominated Eurobond simultaneously on AIX and the Hong Kong Stock Exchange (“HKEX”).
CNH 1.25 bn bonds with a coupon of 2.950% and a yield of 3.150% are issued under the CNH10 bn Medium Term Note Programme.
Assel Mukazhanova, the CEO of AIX, noted:
“KazMunayGas has successfully entered the Dim Sum bond market, achieving a favorable yield while attracting a broad and diversified investor base. This issuance sets out a strong precedent for other companies to follow. The deepening collaboration between HKEX and AIX continues to open new avenues for businesses on both sides to benefit cross-market financing opportunities.”
Diana Aryssova, Deputy Chairman of the Management Board of KMG, emphasized:
“This issuance marks KazMunayGas’ debut entry into the Chinese yuan market. KazMunayGas’ Dim Sum bonds are now traded both on the Hong Kong Stock Exchange and the Astana International Exchange, underscoring the company’s recognition on the world’s leading financial platforms. This issuance is not merely a financial transaction, but a strategic step aimed at diversifying funding sources, expanding the investor base, and actively opening access to Asian capital markets. I hope our example will encourage other Kazakhstani companies to actively expand into global markets.”
Reference:
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