Bank of China recently assisted Kazakhstan's national oil and gas company KazMunayGas (KMG) in its inaugural issuance of a dim sum bond. 

The bond, valued at 1.25 billion yuan ($176.5 million), is a five-year fixed-rate offshore renminbi bond, with a final pricing of 3.15 percent and a coupon rate of 2.95 percent. The proceeds will be used for the issuer's general corporate purposes.

BOC International Holdings Limited and Bank of China (Hong Kong) Limited acted as joint global coordinators, joint lead underwriters and joint bookrunners. 

The transaction represented BOC's first bond business collaboration with KMG, marking its inaugural participation in a public bond issuance from Central Asia, as well as its first appointment as trustee and paying agent for a Central Asian bond program.

BOC will continue to leverage its global network and professional expertise to deepen financial cooperation under the Belt and Road Initiative, fostering the offshore RMB market and advancing RMB internationalization.