The Central Asian market saw four key events this week: corporate placements, cross-border trading, and exchange infrastructure adjustments.
Trend of the week: Targeted corporate placements and an expanded list of available sovereign bonds.
Event of the week: Launch of trading in Uzbekistan government bonds on the Kazakhstan exchange.
🇰🇿 Kazakhstan
- KASE moved MFO Smartolyot Finance bonds to clean price trading — Starting August 24, the exchange will change trading conditions for the MFSFb13 issue, separating the bond price from accrued coupon interest. Finteqstan previously detailed this infrastructure adjustment.
- Development Bank of Kazakhstan raised 600 million tenge — DBK placed bonds via subscription at 15.00% APR. This continues a series of placements to attract tenge liquidity.
- Uzbekistan government bonds started trading on KASE — Starting August 24, international debt securities of the Uzbekistan Ministry of Economy and Finance will become available to Kazakhstan investors.
- BASS Gold listed bonds on the exchange — The gold mining company began the initial placement of its FPSTb13 issue in the corporate segment.
The Kazakhstan exchange continues to adjust its infrastructure for local players while testing demand for neighboring countries’ sovereign debt.