Key highlights
- KMG's Dim Sum bonds, denominated in yuan, started trading on AIX on 31 October.
- The bonds are also traded on the Hong Kong Stock Exchange.
- KMG issued CNY1.25 billion in Dim Sum bonds with a 5-year maturity.
- The coupon rate is 2.95% with a yield of 3.15%.
Trading Launch
On 31 October, KazMunayGas NC JSC (KMG) began trading its yuan-denominated Eurobonds on the Astana International Exchange (AIX). This marks KMG's first entry into the Chinese yuan market.
Market Presence
KMG's Dim Sum bonds are now available on both the Hong Kong Stock Exchange and AIX, highlighting the company's growing presence in leading financial markets.
Bond Details
The debut issue of Dim Sum bonds amounted to CNY1.25 billion with a maturity of 5 years. The coupon rate was set at 2.95%, and the yield was 3.15%.
Investor Interest
The order book for the bonds closed on 23 October, with applications reaching approximately CNY3.8 billion, indicating strong investor interest.
