Teniz Capital Investment Banking JSC is pleased to announce the Initial Price Guidance (IPG) for the CNH-denominated notes of Sovereign Wealth Fund “Samruk-Kazyna” JSC. The order book is opening on the Astana International Exchange (AIX).
3-year tranche: tickers SKKZ1.1029.BB / SKKZ1.1029.BB.S
5-year tranche: tickers SKKZ2.1031.BB / SKKZ2.1031.BB.S
Issuer : “Sovereign Wealth Fund “Samruk-Kazyna” JSC (the “Issuer”)
Issuer’s Ratings : Baa1 (Stable) by Moody’s/BBB (Stable) by Fitch
Expected Issue Rating : Baa1 by Moody’s
Issue Type : Senior Unsecured Fixed Rate Notes, drawdown from the Issuer’s USD1.5 billion Global Medium Term Note Programme (the “Notes”)
Format : Regulation S (Category 1), Registered Form
Settlement Date : 23 October 2026 (T+5)
Tenor : 3-year | 5-year
Currency and Size : CNH Benchmark | CNH Benchmark
Initial Price Guidance : 2.70% area | 2.85% area
Coupon : S/A, ACT/365, Modified adjusted
Use of Proceeds : General corporate purposes
Change of Control Put Option : At 100%
Details : CNH1,000,000/CNH10,000 denoms; HKEX and AIX listing; English law
Clearing : CMU with linkage to Euroclear and Clearstream
GMTN Programme Arrangers: Citi, Guotai Junan International, and Standard Chartered Bank
JGCs / JLMs / JBRs : Citi, Guotai Junan International, Standard Chartered Bank, Bank of China (Hong Kong), Bank of China, London Branch, China CITIC Bank International, and ICBC (Asia)
JLMs / JBRs : BOCOM International, China International Capital Corporation, CITIC Securities, Industrial Bank Co., Ltd. Hong Kong Branch[1], Shanghai Pudong Development Bank Hong Kong Branch[2] and CCB International Capital Limited
Local Bookrunner : Teniz Capital Investment Banking JSC
B&D : Guotai Junan International
ISIN : HK0001366100 | HK0001366118
Common Code : 353583565 | 353583611
CMU Instrument Number : CILHFN26197 | CILHFN26198
Netroadshow: www.netroadshow.com | Silkway2026 (Not Case-Sensitive)
Direct link: www.netroadshow.com/nrs/home/#!/?show=b9736d3d
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