On May 26th, Industrial and Commercial Bank of China (ICBC) acted as a joint lead underwriter, joint bookrunner, and account management bank, assisting the Republic of Kazakhstan in successfully issuing a 3.4 billion yuan sovereign panda bond with a three-year tenor in China's interbank bond market. This issuance marks Kazakhstan's first entry into the panda bond market, signifying an important step in deepening financial cooperation between China and Kazakhstan.

As a key investor, market maker, and underwriter in China's interbank bond market, ICBC is committed to building financial bridges for global clients to participate in China's domestic capital markets and RMB-denominated business. To date, ICBC has assisted over 70 high-quality international clients in issuing more than 260 panda bonds, raising funds exceeding 500 billion yuan. The client base spans Asia, Europe, Africa, North America, and South America. ICBC will continue to leverage its global integrated service advantages and platforms such as the Belt and Road Bankers Roundtable (BRBR) to facilitate more high-quality global issuers and investors in accessing the Chinese market. This effort actively contributes to the high-level opening-up of China's financial markets and the high-quality joint development of the Belt and Road Initiative.