BAKU, Azerbaijan, June 28
By Nargiz Sadikhova - Trend:
Kazakhstan's Government, represented by the Ministry of Finance, has issued and placed Russian RUB-denominated bonds on Astana International Exchange (AIX) and Moscow Exchange (MOEX), Trend reports citing AIX.
These four series amounted to 10 billion Rubles ($138.6 million) each with maturity in 2026, 2028, and 2031 respectively. Some 7.76 billion Rubles ($107 million) were raised on AIX. First Heartland Securities (FHS), has been mandated to lead the offering on AIX.
This is the fourth listing of the Ministry's bonds on AIX.
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the Silk Road Fund, and NASDAQ, which also provides the AIX trading platform.
The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative.
---
Follow the author on Twitter: @nargiz_sadikh
