Samruk-Kazyna Plans $1.5 Billion Bond Program on International Exchanges

Kazakhstan's Samruk-Kazyna sovereign wealth fund has announced a $1.5 billion medium-term note issuance program. The bonds may be listed on the London Stock Exchange, Hong Kong Stock Exchange, and Kazakh exchanges KASE and AIX. The program's total amount could be increased later, with terms and yields to be determined per tranche. International banks are expected to act as arrangers.

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