Thanks to strong investor demand, the coupon rate for the bonds was reduced from 8.25% to 7.75%. This is a testament to the growing confidence in Kazakhstan’s banking sector and the appeal of its financial markets.

Governor of the AIFC, Renat Bekturov, CFA, commented on the importance of this event, stating, “This event not only enhances the competitiveness of the banking sector but also contributes to strengthening the country’s financial system, increasing liquidity, and attracting long-term investment. The issuance of eurobonds is an important step towards developing a balanced and sustainable financial market in Kazakhstan.”

In a further step towards international recognition, these eurobonds are also listed on the Vienna MTF platform. This simultaneous listing highlights Kazakhstan’s growing integration into global financial markets.

The aftermath of the 2007–2009 financial crisis had a lasting impact on investor confidence, both globally and within Kazakhstan. However, the successful placement of ForteBank’s eurobonds signals a shift in the country’s financial landscape. It sets a positive precedent for other Kazakhstani banks looking to tap into international capital markets once again.

With this achievement, ForteBank is leading the way for future issuances from Kazakhstani banks. We congratulate ForteBank on this remarkable success and look forward to more institutions following suit.