25 October 2019
Renaissance Capital and Astana International Exchange hold ‘Kazakhstan in Focus Day’

Featuring top Kazakh companies and the region’s macro outlook for the global investment community

Astana International Exchange (AIX) and Renaissance Capital, a leading emerging and frontier markets investment bank, held ‘Kazakhstan in Focus Day’ on 24 October 2019 in London. 

This specialised regional event brought together Kazakh companies from the aviation (Air Astana), financial (Halyk Bank), oil & gas (KazMunayGas, Nostrum Oil & Gas), retail (Magnum Cash & Carry), telecom (Kazakhtelecom, Kcell), transportation (Kazakhstan Temir Zholy), and metals & mining (KAZ Minerals) sectors as well as Sovereign Wealth Fund Samruk-Kazyna and more than 30 major international investors, focused on or considering investments in Kazakhstan.

In addition to close to 100 one-on-one meetings between corporates and investors, the event featured two panel discussions – one on Kazakhstan’s macro outlook and the other on sector opportunities for investments in Kazakhstan. The panelists included high-profile government officials from Kazakhstan and representatives of leading local companies.

Tim Bennett, CEO of AIX, commented: “Our first investor conference in London has showed a high level of interest in investing in Kazakhstan. Feedback from current and potential issuers was also positive – they appreciated the uniqueness of the forum which allowed them to discuss the fundamentals of their business against a background of the wider opportunities on Kazakhstan and the region. We believe that this forum continued the momentum that we have built over the past two years to rebuild the capital market in Kazakhstan.”

Ruslan Babaev, co-CEO, Renaissance Capital, said: “Kazakhstan is one of our favourite macro stories, especially after it surprised the market with GDP growth outpacing 4.0% YoY in 8M 2019. Growth is being driven by consumption and investments supported by fiscal stimulus and a recovery in consumer and business confidence along with a smooth political transition. We expect that 2020 may become the year of renaissance of Kazakh companies’ IPOs and SPOs, bringing new opportunities for investors.”

Renaissance Capital has an established track record in Kazakhstan, having led some of the landmark transactions out of the region, of which the most recent are: USD128mn ABB placement for Kazatomprom and USD344mn SPO of Halyk Bank. In addition to executing capital markets and M&A deals for local companies, Renaissance Capital consistently educates investors on Kazakhstan’s macro environment and outlook, and arranges dedicated investor events such as NDRs and capital markets days.

In July 2019, Renaissance Capital became a trading member of AIX. As of September 2019, the Firm ranked #2 broker with a 15.5% market share. AIX membership allows Renaissance Capital to provide its clients with exchange access to sovereign as well as corporate securities offerings.