Local bond issues in Kazakhstan
The EDB has developed and registered bond programs in the Russian Federation and the Republic of Kazakhstan.
Under the first bond program with a total volume of 150 billion tenge equivalent registered by the Committee for the Control and Supervision of Financial Market and Financial Organizations of the Republic of Kazakhstan, EDB successfully placed 4 issues of tenge-denominated bonds in the aggregate volume of 81.4 billion tenge between 2012 and 2014.
In 2015, the National Bank of the Republic of Kazakhstan registered the Bank's second bond program in the total amount of KZT 200 billion. In 2017, the EDB placed two bond issues under this program with a total volume of KZT 35 billion for a term of 3 years each. In 2018, the Bank placed five bond issues totaling KZT90 billion with different maturities. In February 2019, the EDB placed one bond issue of KZT 20 billion with a maturity of 3 years. In May 2019, the Bank placed three bond issues totaling KZT 50 billion. Also in March 2019, the EDB made its debut issue of discounted short-term bonds with a volume of KZT10 billion and a maturity of 3 months.
In 2020, the EDB registered a third bond program with a total volume of KZT 250 billion. There are currently four bond issues outstanding under the third bond program of KZT 101 billion, including bond issues of KZT 20 billion each to finance EDB's green and social projects in the Republic of Kazakhstan.
In 2023, the fourth bond program was registered in the amount of USD 500 million. As part of this program, in March 2023, the EDB placed the first bond issue of $90 million (with an additional placement in December 2023). Also this year, the EDB registered the fifth bond program in tenge in the amount of 500 billion tenge. In December 2023, the first bond issue under the program in the amount of 50 billion tenge was placed. In March 2024, the Bank placed the second issue of bonds in the amount of 50 billion tenge with a maturity of 3.5 years.
EDB bonds are traded on the Kazakhstan Stock Exchange (KASE) and are included in the basket of corporate securities. Funds from bond sales are used to finance the Bank's investment, “green” and social projects in the Republic of Kazakhstan.