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The Government of the Republic of Kazakhstan, represented by the Ministry of Finance, has successfully issued Eurobonds with total amount of 1,150 million euros

by October 10, 2019 Legal

As part of this transaction, the Republic of Kazakhstan raised funds at historically low rates of return. So, it should be noted that the coupon rate on the

7-year Eurobonds was at a record low among sovereigns from developing countries with a similar BBB rating.

As part of this issue, the Republic of Kazakhstan placed 15-year Eurobonds, which became the longest-term debt security denominated in euros ever issued among the CIS countries.

Due to the high demand from international investors and the high confidence in the Republic of Kazakhstan, the yield curve of the Republic of Kazakhstan denominated in euros was set lower than the yield curves of other developing countries with higher credit ratings.

Eurobonds were issued with dual listing on the London Stock Exchange and Astana International Exchange.

Source: Ministry of Finance of the Republic of Kazakhstan