Baiterek National Managing Holding outlined its key role in shaping the local yield curve and strengthening Kazakhstan’s debt capital market

On November 5, 2025, Yer­sain Khamitov, Deputy Chairman of the Management Board of Baiterek National Managing Holding, spoke in London at the Kazakhstan Capital Markets Day 2025 — an international event organized with the support of Bloomberg and the National Bank of the Republic of Kazakhstan.

The forum brought together representatives of government bodies, international financial institutions, and the largest issuers of Kazakhstan. Among the participants were the Chairman of the National Bank of the Republic of Kazakhstan Timur Suleimenov, Vice Minister of National Economy Asan Darbaev, Chairwoman of the Management Board of Halyk Bank Umut Shayakhmetova, as well as representatives of leading international investment institutions and companies — EBRD, Citi, JP Morgan, Clearstream, Amundi, Freedom Finance, Kazatomprom, and Air Astana.

Speaking at the panel session “Debt Capital Market and Government Securities”, Yersain Khamitov highlighted the key role of the Holding in shaping the local yield curve and strengthening Kazakhstan’s debt capital market, as well as outlined key development benchmarks of the country’s capital market at Kazakhstan Finance Day 2025.

“Our regular bond issuances with different maturities create a transparent and sustainable yield structure that serves as a benchmark for private issuers and a guide for institutional investors. In this way, we build trust and increase the liquidity of Kazakhstan’s entire capital market,”
— emphasized Yersain Khamitov.

In 2025, the Holding issued two eurobond placements of USD 500 million each, marking an important step toward strengthening Kazakhstan’s presence in global capital markets and improving issuer recognition among international investors.

Additionally, the Holding actively develops sustainable financing instruments. It has placed social and green bonds aimed at supporting the agro-industrial complex, housing construction, and processing enterprises.

“ESG instruments are becoming an integral part of Baiterek’s strategic development. We see great potential in issuing green, social, and sustainable bonds capable of attracting long-term capital to priority sectors of the economy,”
— stressed Yersain Khamitov.

During the visit, working meetings were also held with representatives of major international financial institutions — Deutsche Bank, Citi, and MUFG — where further cooperation and participation in the development of Kazakhstan’s capital market were discussed.

Kazakhstan Capital Markets Day has become a key international platform for discussing Kazakhstan’s macroeconomic outlook, development of the government securities market, and promotion of sustainable financing principles.