Astana International Exchange (“AIX” or “the Exchange”) announces the listing of the second Panda Bond issuance of the Ministry of Finance of the Republic of Kazakhstan.
The two-tranche issuance, denominated in RMB was placed in an aggregate amount of RMB 6.6 Bn. The first tranche with a volume of RMB 5Bn has a tenor of three (3) years and carries a coupon of 1.82% p.a. The second tranche, with a volume of RMB 1.6Bn, has a tenor of five (5) years and carries a coupon of 1.95% p.a.
Assel Mukazhanova, AIX CEO, said:
“The latest RMB-denominated issuances demonstrate international investors’ continued appetite for Kazakh sovereign and quasi-sovereign debt. These landmark transactions also pave the way for further corporate issuances by providing Kazakh companies access to the Chinese capital market”.