The Ministry of Finance of the Republic of Kazakhstan has successfully placed sovereign Eurobonds on the international capital market in the amount of $ 1.5 billion with a maturity of 5 years. The placement was accompanied by high interest from global investors and made it possible to fix the final yield at 4.412% and the spread to US Treasury bonds in the amount of 85 basis points - the lowest values in the entire history of Kazakhstan's presence on the Eurobond market.
The bid book exceeded $ 4.4 billion, which ensured a significant excess of demand over supply and allowed to optimize the price parameters of the transaction. A wide range of institutional investors from Europe and the United States took part in the placement, and a record level of participation of investors from Asia and the Middle East was recorded, including new participants who had not previously participated in the placement of Kazakhstan's sovereign debt.
The established yield on the issue became the lowest among all 5-year sovereign Eurobonds issued by countries with a comparable investment rating, and one of the lowest in 2025 among the countries of the Eastern Europe, Africa and the Middle East region, second only to Kuwait (A+rating). Moreover, fixed yields fell below those of higher sovereign-rated countries such as Poland, Qatar, and Saudi Arabia, underscoring the high confidence of the global investment community.
A significant factor contributing to the strengthening of investor confidence was the consistently implemented fiscal and tax reforms, as well as large-scale political transformations carried out at the initiative of the Head of State. These measures provided a positive perception of Kazakhstan's investment climate in the international arena.
Eurobonds will be listed on the London Stock Exchange, the Astana International Financial Center Exchange and the Kazakhstan Stock Exchange.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.