Kazakhstan's Samruk-Kazyna Issues Central Asia's First Panda Bond Raising $440 Million

Kazakhstan's sovereign wealth fund issued Central Asia's first panda bond, raising 3 billion yuan in China's interbank market.

“Andrew Tjaardstra April 14, 2026 Kazakhstan sovereign wealth fund Samruk-Kazyna has raised a panda bond in a first for the Central Asian country”

FinanceAsia

The three-year bond was priced at a record-low annual yield of 2.18 percent.

FinanceAsia

Samruk-Kazyna managed an estimated US$88 billion in assets at the end of last year.

Chairman Nurlan Zhakupov said the issuance marked an important milestone in strengthening the strategic partnership between Kazakhstan and China.

The transaction provides direct access to one of the world's largest and most liquid debt markets.

The listing ceremony brought together senior management of Samruk-Kazyna and major transaction partners.

Bank of China and CICC noted the transaction represents a historic achievement.

South China Morning Post

The ceremony concluded with the symbolic start of secondary trading on the Astana International Exchange.

The issuance demonstrated a high level of investor confidence in the fund.