Samruk-Kazyna JSC has successfully completed bookbuilding and priced its debut offshore yuan-denominated (Dim Sum) bond issuance, raising a total of RMB 3 billion. The bonds, with maturities of three and five years, have been admitted to trading on the Hong Kong Stock Exchange (HKEX) and the Astana International Exchange (AIX).

The issuance comprises two tranches. The three-year bonds, amounting to RMB 2 billion, carry a coupon rate of 2.15% per annum, while the five-year bonds, amounting to RMB 1 billion, carry a coupon rate of 2.30% per annum.

Investor demand exceeded the total issuance size by more than three times, demonstrating strong interest from the international investment community in the Fund’s creditworthiness and Kazakhstani issuers in the offshore yuan market.

The transaction involved Citi, Guotai Junan International, Standard Chartered Bank, Bank of China, China CITIC Bank International and ICBC (Asia).

The proceeds will be used to finance investment projects undertaken by Samruk-Kazyna JSC.

The Dim Sum bond issuance marks another step in the Fund’s strategy to diversify its funding sources and broaden its international investor base, including by accessing liquidity in the offshore yuan market, one of the fastest-growing segments of the international debt market.