Liniya Prava has advised the Ministry of Finance of the Republic of Kazakhstan on the placing of three issues of government bonds series 01, 07, and 11 for a total amount of RUB 40 billion.
Organizing banks included Gazprombank, Credit Bank of Moscow, ROSBANK, and First Heartland Securities.
According to Liniya Prava, “this placement marked the debut of the Republic of Kazakhstan on the Russian public debt market. The bonds of the Republic of Kazakhstan became the first book-entry bonds of a foreign issuer in the history of the Russian financial market, admitted to public offering and circulation in Russia. The securities passed the listing procedure on the Moscow Stock Exchange and the Stock Exchange of the Astana International Financial Center. In 2021, the Republic of Kazakhstan may place up to 11 issues of government bonds with a total volume of 130 billion Russian rubles on the Russian market.”
Liniya Prava’s team included Partner Andrey Novakovskiy and Senior Associate Alexander Kuznetsov.
Liniya Prava did not reply to our inquiry on the matter.