Squire Patton Boggs Advised The Republic Of Kazakhstan On Its Benchmark Bond Issue

Squire Patton Boggs Advised the Republic of Kazakhstan on Its Benchmark Bond Issue

Squire Patton Boggs has advised the Ministry of Finance of Kazakhstan on its recent benchmark bond issuance, raising USD 1.5 billion through 4.714% notes due in 2035. This issuance is part of Kazakhstan’s USD 15 billion Global Medium-Term Note (MTN) Programme and marks the country's first return to the US dollar bond market since 2015. The bonds are listed on both the London Stock Exchange and the Astana Stock Exchange.

The issuance attracted strong interest from over 100 investors globally, achieving one of the lowest spreads recorded by any emerging markets issuer.

The international Squire Patton Boggs team, led by Partner Tom Cerdan in Dubai, included key contributions from Partner Kopzhan Musrepov and Associate Aigerim Assil from the firm’s Astana office, as well as Partner Aaron Seamon in Columbus, Partner David Zagore in Cleveland, Director (Financial Services) Tom Dell’Avvocato and Associate Alice Moserova in London, and Associate Katarina Ottova in Dubai.

This successful bond issue reinforces Kazakhstan's financial market position and demonstrates robust investor confidence in the country's economic prospects.

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