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BOCHK Facilitates KazMunayGas in Issuing Inaugural Offshore RMB Bond
2025-10-24 12:26:15 BOC HONG KONG (02388.HK) assisted KazMunayGas (KMG) in issuing its inaugural offshore Renminbi (RMB) bond (Dim Sum Bond) and establishing a Medium Term Note Programme for offshore RMB. This marks BOCHK’s first participation in a public bond issuance by a Central Asian enterprise and its first bond underwriting for a Kazakhstani enterprise. BOCHK served as the Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager as well as Trustee and Paying Agent for the bond issuance. The issuance size of the 5-year bond is RMB1.25 billion, with the final pricing of 3.15% and a coupon rate of 2.95%. The order book peaked at RMB3.78 billion and the total subscription is 3.02 times of the issue size. The bond issuance represents KMG’s first bond to be settled through the Central Moneymarkets Unit, further enhancing Hong Kong’s competitiveness as Asia’s leading bond issuance hub. ~ AASTOCKS Financial News Website: www.aastocks.com | |