BAKU, Azerbaijan, October 15. Kazakhstan's
sovereign wealth fund Samruk-Kazyna has launched bookbuilding for a
Dim Sum bond issue on the Astana International Exchange (AIX), with
the offering comprising two tranches with maturities of three and
five years, AIX reported.
The transaction is structured under both the classic and
at-strike modes. The three-year tranche has an indicative issue
size of up to 2 billion Chinese yuan (about $297.4 million), with
an indicative coupon rate of around 2.7%.
The five-year tranche has an indicative issue size of up to 4
billion yuan (about $594.8 million), with an indicative coupon rate
of around 2.85%.
The total proposed issue volume is up to 6 billion yuan (about
$892.2 million).
Citigroup Global Markets Limited, Guotai Junan Securities
Limited and Standard Chartered Bank are acting as bookrunners,
while Teniz Capital Investment Banking is serving as the local lead
manager.
Settlement is scheduled for October 23, 2026. The final terms of
the issue will be determined following the bookbuilding
process.
AIX was established in 2017 as part of the development of the
Astana International Financial Centre (AIFC). Its shareholders are
the AIFC, Shanghai Stock Exchange, Silk Road Fund, and Nasdaq. The
exchange operates within a regulatory framework based on English
law, providing conditions for investment activities.
