Finance Ministers of the ASEAN+3 countries have approved by their decision an application of the Republic of Kazakhstan to receive an observer status in the ASEAN+3 Bond Market Forum. ASEAN+3 brings together 10 member countries of the Association of Southeast Asian Nations (ASEAN), as well as China, Japan and the Republic of Korea.

Key goal of the ASEAN+3 Bond Market Forum is to create conditions in the Asian region for establishment of an integrated bond market through mechanisms for issue of bonds in several currencies (ASEAN+3 Multi-Currency Bond Issuance Framework). The initiative enables simultaneous issue and placement of bonds on several national markets of the countries participating in the initiative, such as China, Japan, the Republic of Korea, Malaysia and others.

The Asian bond market is the third largest regional market in the world after the US and the EU. Accession of Kazakhstan to this initiative will open an access to this market for Kazakhstan’s issuers.

2024 results reveal that total capacity of the Kazakhstan’s bond market reached 100 billion US dollars (in equivalent). This year, the Asian Development Bank is expected to publish a Guide to the Kazakhstan Bond Market.

We would remind that earlier, the website of the Agency posted an analytical material by Adil Mamazhanov, Deputy Director of the Securities Market Department, covering the benefits of obtaining the observer status in the Asian Bond Markets Initiative (ABMI).

Source : https://www.gov.kz/memleket/entities/ardfm/press/news/details/990627?lang=kk