Kazakhstan raises $1.5bn from return to dollar bond market after decade away

Oct. 7, 2024 - bne IntelliNews

Kazakhstan has raised $1.5bn from a return to the dollar bond market after nearly a decade away.

The ministry said the response to the issue reflected strong investor confidence in Kazakhstan. The indicative coupon rate was set at 4.

87%. Kazakhstan's 10-year dollar bond issued in 2015 had a coupon rate of 5.

125%. Euro-denominated eurobonds issued by the country in 2018 took a coupon rate of 2.

375%...