Halyk Finance acted as the leading Kazakhstan manager in the placement of KazMunayGas bonds denominated in Chinese yuan (Dim Sum bonds).

JSC NC «KazMunayGas» successfully placed bonds denominated in Chinese yuan (Dim Sum bonds) with a total volume of 3.5 billion Chinese yuan.

The issue consisted of two tranches: five-year bonds worth 1.5 billion Chinese yuan with a coupon rate of 2.3% per annum and a yield of 2.45%, as well as ten-year bonds worth 2 billion Chinese yuan with a coupon rate of 2.8% per annum and a yield of 2.98%.

The high interest in the issue from international investors confirmed demand that significantly exceeded the placement volume. The issue was preceded by a two-day roadshow in Hong Kong, during which meetings were held with leading Asian investors. At its peak, the total volume of orders exceeded 25 billion Chinese yuan — more than seven times the announced issue volume. The order book became the largest in the history of Dim Sum bond issues by issuers outside China and Hong Kong.

The placement was attended by banks, insurance organizations, hedge funds, and state investment funds, indicating broad interest in the issue from various categories of institutional investors.

The funds raised through the issue will be directed to finance KMG's large-scale investment program.

The joint global coordinators, bookrunners, and lead managers were BOC International, Bank of China (Hong Kong), China CITIC Bank International, Industrial and Commercial Bank of China (Asia) Limited, and Citi. Halyk Finance acted as the Kazakh lead manager. BOCOM International and Industrial Bank Co., Ltd. Hong Kong Branch served as joint lead managers and joint bookrunners.

«The successful placement of KazMunayGas's Dim Sum bonds is a landmark deal for the Kazakh capital market. The high interest from international investors and the order volume, which exceeded the issue volume by more than seven times, confirm investor confidence in Kazakhstan's largest issuers and their high potential for attracting financing on international capital markets. We are pleased to act as the Kazakh lead manager in this deal and contribute to expanding the opportunities for domestic companies to diversify funding sources and access new capital markets,» commented Roman Asilbekov, Deputy Chairman of the Management Board of Halyk Finance.

JSC NC «KazMunayGas» is Kazakhstan's leading vertically integrated oil and gas company, covering the entire production cycle from hydrocarbon exploration and production to processing, transportation, and sales. KMG represents the state's interests in the oil and gas industry and is one of Kazakhstan's largest companies.

JSC "Halyk Finance" is a subsidiary of Halyk Bank, holding a leading position in the securities market in brokerage services, asset management, and investment banking segments. The company provides a full range of investment banking services, including financial consulting and underwriting, corporate financing services, brokerage services and securities trading, market-making services on the KASE and AIX trading platforms, investment portfolio management, as well as regular analytical services. The company is the first and only broker-dealer in Kazakhstan to receive an investment-grade international credit rating («BBB-” from the international rating agency "Fitch Ratings").