By the end of this year, Kazakhstan’s Ministry of Finance plans to issue Eurobonds worth up to $1.5 billion and bonds denominated in Japanese yen worth $500 million, according to Reuters, citing Finance Minister Madi Takiyev.
«Our target is anywhere from $1 billion to $1.5 billion. We want to raise it in London. We’re also actively working on the ‘samurai’ bond. A small amount, around $500 million, will be issued by the end of the year,» the minister said, referring to yen-denominated bonds issued in Japan by non-Japanese companies.
Kazakhstan has been borrowing on international markets for several years to refinance its debt and finance its budget deficit amid low energy and metal prices. In October 2025, for example, the Ministry of Finance issued $1.5 billion in Eurobonds.
