Core Insights - The issuance of a 2 billion RMB offshore bond by Kazakhstan Development Bank marks the first RMB bond issuance by a Kazakhstan issuer in the global market and the first publicly issued RMB bond in Central Asia [1] - The bond has a maturity of three years and a coupon rate of 3.35%, with strong demand from global investors leading to a peak order book of 5 billion RMB [1][2] - This bond issuance is seen as a significant step in cross-border financing under the Belt and Road Initiative, providing a new model for financial cooperation and capacity collaboration in the region [1] Group 1 - The bond issuance is the first of its kind for a Kazakhstan issuer and in Central Asia, highlighting a milestone in the region's financial market [1] - The bond was priced at 3.35%, which is a significant reduction of 40 basis points from the initial price guidance, setting a benchmark for offshore RMB bond issuance by Central Asian enterprises [1] - The issuance attracted a diverse range of international investors, including sovereign funds, commercial banks, insurance companies, and asset management institutions, indicating strong global interest [2]
哈萨克斯坦开发银行公开发行首笔离岸人民币债券