Samruk-Kazyna Raises 55.5 Billion Tenge in 15-Year Bonds on KASE

On July 31, Samruk-Kazyna successfully placed another tranche of 15-year bonds worth 55.5 billion tenge, maturing in 2041, during a specialized KASE auction. The placement margin came in at 1.00%, reflecting investor confidence in Kazakhstan's largest state holding company. Long-dated bonds from quasi-sovereign issuers are traditionally popular among pension funds and institutional investors seeking stable long-term returns. Proceeds from such placements typically help finance large infrastructure and investment projects across the country's economy. For retail investors, these bonds serve as a benchmark for long-term yields in Kazakhstan's debt market.