Guotai Junan International Arranges RMB 3 Billion Offshore Bonds for Kazakhstan's Samruk-Kazyna

Guotai Junan International Holdings Limited arranged RMB 3 billion of offshore RMB bonds for Samruk-Kazyna, split into 3-year and 5-year tranches with coupons of 2.15% and 2.30%, listed in Hong Kong. TradingView published the report on October 21, 2026.

Guotai Junan International's Roles on the Samruk-Kazyna Deal

Guotai Junan International acted as arranger and joint global coordinator for the bonds, and also served as agent, according to the report. The 3-year tranche carries a 2.15% coupon and the 5-year tranche a 2.30% coupon. The Hong Kong listing was completed, and investor roadshows were held in four cities.

The issuer is Samruk-Kazyna, Kazakhstan's sovereign wealth fund. Its board of directors, chaired by Prime Minister Olzhas Bektenov on August 27, 2026, reviewed the fund's first seven months of 2026, which exceeded targets, The Astana Times reported. Trend reported that the fund recorded 12.5 trillion tenge ($27.24 billion) in revenue for January-July 2026, 5% above plan, with EBITDA 7% above plan and net profit 4% above plan. Trend also reported that Samruk-Kazyna nearly doubled its procurement from Kazakhstani manufacturers to 2.17 trillion tenge in 2025, with purchases continuing to expand in the first half of 2026 through over 8,900 contracts signed last year.

Guotai Junan International's Hong Kong Timeline

On July 23, 2026, Guotai Junan International suspended trading in Hong Kong after a joint operation by Hong Kong's anti-graft watchdog and market regulator led to the arrest of eight individuals, including senior executives from the firm, Citic Securities, and hedge fund Infini Capital, AInvest reported. On August 7, 2026, the company announced on the Hong Kong Stock Exchange that its parent company Guotai Haitong Financial Holdings will acquire all remaining ordinary shares through a scheme of arrangement at HK$3 per share, Jiemian reported. On August 13, 2026, Bloomberg reported that Guotai Haitong Securities Co. Is considering consolidating its international units, potentially following a recent offer to take Guotai Junan International Holdings Ltd. Private.

Samruk-Kazyna's Bond Listing

The report states that the Hong Kong listing of the RMB 3 billion offshore RMB bonds was completed, confirming execution to listing and settlement.