Bonds

The AIX has listed over 20 private and public bonds totalling $7.5 billion, including 6 government bond issues by the Kazakhstan Ministry of Finance and Kazakhstan Temir Zholy.

In March 2020, the AIX introduced financial instruments that had previously not been issued in Kazakhstan, such as the Astana branch of the Construction Bank of China’s first yuan-denominated bonds in Kazakhstan, for 1 billion yuan, which are due to mature in March 2022. All funds raised will be used to finance local infrastructure and Belt and Road initiative projects in Kazakhstan.

Also in March 2020, the Qatar International Islamic Bank cross-listed $500 million worth of Islamic securities. This was the first Islamic sukuk debt instrument listing on the AIX.

In August 2020, Damu Entrepreneurship Fund, as part of an agreement with UNDP to promote renewable energy source investment, issued green coupon bonds on the AIX of 200 million tenge, due to mature in 36 months and with a coupon rate of 11.75%. This was the first security listing that met with exchange green bond principles, and the first listing of green bonds in Kazakhstan.