Development Bank of Kazakhstan issues 2 billion yuan inaugural dim sum bond in Hong Kong

The Development Bank of Kazakhstan has issued a 2 billion yuan (HK$2.18 billion) dim sum bond in Hong Kong, marking the first-ever yuan-denominated bond issued by a government-owned Central Asian issuer.

It is also the first time that an issuer from Central Asia has launched a bond in the city, showcasing the SAR as the leading offshore yuan fundraising hub for Belt and Road Initiative countries.  

The three-year bond carries a coupon rate of 3.35 percent per annum.

The bond issuance is believed to have deepened Central Asia–Hong Kong financial ties and opened a new chapter for yuan-based trade and investment.  

The offering drew strong interest from global investors, including a diverse mix of sovereign wealth funds, commercial banks, insurers, and asset managers, underscoring international confidence in yuan assets and the outlook for China-Kazakhstan cooperation, said the lead joint global coordinator, China International Capital Corporation (3908).

It has also set a new benchmark for multinational financial collaboration and industrial synergy in the context of high-quality BRI development, CICC said.