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Kazakhstan's Samruk-Kazyna Sells Record-Low Panda Bonds

4/14/2026

Summary

Story summary

Kazakhstan's sovereign wealth fund Samruk-Kazyna sold 3 billion yuan in panda bonds on China's onshore market.
This sale is the first by a Central Asian institution, with a three-year tenor and a record-low yield of 2.18%, signaling investor confidence.
Samruk-Kazyna manages US$88 billion in assets and sees the issue as a milestone toward integrating into global capital markets, according to Nurlan Zhakupov, Chairman of Samruk-Kazyna, amid ongoing geopolitical uncertainties.

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Story summary

Kazakhstan's sovereign wealth fund Samruk-Kazyna sold 3 billion yuan in panda bonds on China's onshore market.
This sale is the first by a Central Asian institution, with a three-year tenor and a record-low yield of 2.18%, signaling investor confidence.
Samruk-Kazyna manages US$88 billion in assets and sees the issue as a milestone toward integrating into global capital markets, according to Nurlan Zhakupov, Chairman of Samruk-Kazyna, amid ongoing geopolitical uncertainties.