Core Points - China Bank (Hong Kong) announced its assistance to Kazakhstan's national oil and gas company in issuing offshore RMB bonds, marking a significant step in the development of the offshore RMB bond market [1] - The bond issuance has a scale of RMB 1.25 billion with a final pricing of 3.15% and a coupon rate of 2.95%, indicating strong demand from investors [1] - The peak order book reached RMB 3.78 billion, with an oversubscription ratio of 3.02 times, reflecting high investor interest [1] Company Summary - China Bank (Hong Kong) served as the joint global coordinator, joint bookrunner, and joint lead manager for the bond issuance, showcasing its role in facilitating international financing [1] - The bond represents the first issuance by Kazakhstan's national oil and gas company cleared through the central debt instrument settlement system, enhancing Hong Kong's competitiveness as a leading bond issuance center in Asia [1] Industry Summary - The successful issuance highlights the attractiveness of "dim sum bonds" as an offshore RMB financing tool, indicating a new development opportunity for the market [1] - The participation of both local and international investors in the bond issuance demonstrates the growing appeal of offshore RMB financing options [1]