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.”