Kazakhstan Taps Global Markets with $1.5 Billion Eurobond Issue

Kazakhstan’s Finance Ministry has successfully placed $1.5 billion in sovereign Eurobonds on the international capital markets, securing a five-year maturity term.

The issuance saw overwhelming interest from global investors, enabling the government to secure a final yield of 4.412 per cent with a spread of just 85 basis points over US Treasuries-marking the lowest spread in Kazakhstan’s Eurobond issuance history, The Caspian Post informs via Kazakh media.

The order book surpassed $4.4 billion, nearly three times the offering size, signaling strong investor confidence in Kazakhstan’s economic outlook.

Institutional investors from Europe, the US, Asia, and the Middle East participated in the issuance, further underlining its broad international appeal.

The newly issued Eurobonds will be listed on the London Stock Exchange, the Astana International Financial Centre (AIFC) Exchange, and the Kazakhstan Stock Exchange (KASE), reinforcing Kazakhstan’s presence on key global financial platforms.