Kazakhstan's sovereign wealth fund issues $440m panda bond
The deal is a milestone for Kazakhstan's integration into global capital markets.
April 14, 2026
Economic, political, and market risks will be higher in the coming decade than in the 20 years before the recent crisis, says Tony Tan, deputy chairman of Government Investment Corporation (GIC), Singapore's biggest sovereign wealth fund. As a result, he feels SWFs have an important role to play as suppliers of capital and expertise, something that has also been noted by others.
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