Kazakhstan
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There is still a pipeline of issuance from the country -
Investors are getting plenty of state owned issuance from Kazakhstan this month
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More deals are expected later in the week
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Issuers are coming at different tenors in dollars, and one with a rare global bond
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Underwater trading was due to softer market conditions on Thursday, said a syndicate banker
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In 2022, the Kazakh railway company aborted plans to issue in dollars
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The bank is offering over 100bp of premium to the Kazakh sovereign
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Demand was over twice the issue size
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Kazakhstan's coupon was one of the lowest for an EM sovereign dollar five year in 2025
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This year has been the sovereign's busiest on international markets for a decade
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The state-owned issuer printed flat to its curve, said a lead
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Second deal of the year for the Kazakhstan government-owned issuer
