Bond Kazakstan 10.78% ( KZKD00001186 ) in KZT

Issuer	Kazakstan
Market price	100 % ⇌
Country	Kazakhstan
ISIN code	KZKD00001186 ( in KZT )
Interest rate	10.78% per year ( payment 1 time a year)
Maturity	25/08/2036
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Minimal amount	1 000 KZT
Total amount	129 853 876 000 KZT
Next Coupon	25/08/2026 ( In 51 days )
Detailed description	Kazakhstan is a vast, landlocked Central Asian country encompassing diverse landscapes ranging from steppes and deserts to mountains and forests, and possessing significant reserves of oil, gas, and minerals. This report presents a detailed financial analysis of a sovereign bond issued by the Republic of Kazakhstan, identified by its unique ISIN KZKD00001186. As the issuer, Kazakhstan is the largest landlocked country and economy in Central Asia, whose credit profile is primarily underpinned by its extensive natural resource wealth, including significant reserves of oil, gas, and various minerals. The nation, which also serves as the country of issuance for this debt instrument, has actively pursued economic diversification and stabilization policies aimed at fostering sustainable growth and enhancing its standing in international capital markets. This specific bond, categorized as an "Obligation," is currently trading at par, reflecting a market price of 100% of its face value, and is denominated in the local currency, the Kazakhstani Tenge (KZT). It offers a fixed annual interest rate of 10.78%, providing a substantial coupon return to investors. The total size of this particular bond issuance amounts to KZT 129,853,876,000, representing a significant volume of sovereign debt. For potential investors, the minimum purchase size is set at a relatively accessible KZT 1,000. This long-term debt instrument has a defined maturity date of August 25, 2036, positioning it as a durable asset in a fixed-income portfolio. Interest payments are structured to occur annually, providing consistent cash flow to bondholders throughout the bond's life. The characteristics of this bond offer investors an opportunity to gain exposure to Kazakhstan's economic performance and its sovereign credit quality, while benefiting from a fixed income stream in KZT.