Kazakhstan Temir Zholy Eurobonds Listed on Astana International Exchange

Astana International Exchange (“AIX” or “the Exchange”) is pleased to announce the successful listing of senior unsecured Eurobonds issued by Joint Stock Company “National Company “Kazakhstan Temir Zholy” (KTZ) under its Guaranteed Global Medium Term Note Programme with a total size of up to USD 3 billion.

The issuance comprises two tranches:

• a 5-year tranche in the amount of USD 500 million with a coupon rate of 4.875% per annum;
• a 10-year tranche in the amount of USD 500 million with a coupon rate of 5.25% per annum.  

The bonds were issued under the laws of England and Wales and are guaranteed by JSC Kaztemirtrans and KTZ-Freight Transportation LLP.

Global Coordinators and Joint Bookrunners for the transaction were Citigroup, JPMorgan and Société Générale. Joint Lead Managers and Bookrunners included Abu Dhabi Commercial Bank, Deutsche Bank, Oman Investment Bank and Standard Chartered. Local Lead Managers in Kazakhstan were Teniz Capital and Freedom Broker.

Assel Mukazhanova, AIX CEO, said:

“The successful listing of KTZ’s Eurobonds highlights continued access of Kazakhstani issuers to international capital markets and reflects sustained investor interest in the region. The strong execution of both tranches demonstrates robust demand across maturities and underscores AIX’s growing role in connecting Kazakhstani issuers with global investors and supporting the development of the debt capital market.”

 
The listing expands the range of international fixed-income instruments available on AIX and provides investors with enhanced access to Kazakhstan’s sovereign-linked issuers.

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