The debt market saw four key events this week: redemptions of old issues, municipal bond debuts, and corporate funding rounds.
Trend of the week: Exchange infrastructure adjustments and available liquidity rotation.
🏆 Event of the week: Delisting of EDB bonds from KASE.
Local platforms continue to absorb domestic liquidity: the exit of old issues is immediately offset by fresh corporate and municipal placements.
🇰🇿 Kazakhstan
- EDB bonds mature: The Eurasian Development Bank redeemed issue KZ2D00017860, removing the paper from KASE lists and freeing up investor capital.
- Turkistan region lists municipal bonds: Starting August 19, three bond issues from the local akimat joined the government sector, expanding the choice of conservative tenge instruments.
- Samruk-Kazyna raises 60 billion tenge: The sovereign wealth fund placed 15-year bonds with a 1.00% margin, locking in long-term funding costs on the domestic market.
- Leasing Group places paper at 22% APR: The company raised 85 million tenge and opened secondary trading for this issue on August 19, testing risk appetite in the corporate segment.