Kaspi.kz Eurobonds Listed on Astana International Exchange

Astana International Exchange (“AIX” or “the Exchange”) announces the listing of Eurobonds issued by Kaspi.kz.

The Eurobonds have a tenor of five years and carry a coupon rate of 5.9% per annum payable on semi-annual basis. The total issue size amounted to US$600 million and the team of local and global coordinators and bookrunners was represented by BCC Invest, Citigroup and JPMorgan.

Assel Mukazhanova, AIX CEO, said:

“The admission of Kaspi.kz Eurobonds to trading on AIX demonstrates sustained demand for strong Kazakh issuers and underscores the exchange’s role as a gateway linking local issuers with global investors’ community. The listing follows Kaspi.kz’s $650 million five-year Eurobond issuance in March 2025, priced at a 6.25% coupon. Robust international investors demand this year supported more competitive pricing, reflecting improved funding conditions for the Issuer.”

Reference:

AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, the Shanghai stock exchange, the Silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. www.aix.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction where investors and business meet emerging opportunities of Kazakhstan and Central Asia in a transparent and sustainable environment backed by the principles of English Common Law. aifc.kz