Astana International Exchange (“AIX”, “Exchange”) is pleased to announce that Samruk-Kazyna JSC has listed five-year debut bonds in the amount of $500mln with a coupon rate of 2.0% on the AIX, Kazakhstan Stock Exchange, and London Stock Exchange. $57mln USD were raised on the AIX.
A significant excess of demand over supply resulted in lowering the target pricing rate from 2.5% to 2.3% +/- 5 basis points, and the final reoffer yield of 2.25%, setting a record low spread to sovereign Eurobonds.
First Heartland Securities (FHS) and Freedom Finance JSC were mandated to lead the offering in Kazakhstan. International organizers and bookrunners were Citi, MUFG, UBS и VTB Capital.
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
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/