EMTN PROGRAMME
EDB listed its global US $3.5 billion EMTN Programme on the London Stock Exchange in 2008. The Base Prospectus was registered in compliance with Regulation S and Rule 144A.
USD denominated Eurobonds. In 2009, EDB made its debut US $500 milllion Eurobond issue with five-year maturity and fixed coupon rate 7.375% per annum. This Eurobond issue was redeemed by the Bank in September 2014.
In September 2012, EDB made its second international U.S.$500 million Eurobond issue with ten-year maturity and the fixed coupon rate 4.767% per annum. The Eurobond issue was redeemed in September 2022.
In addition to that, in September 2013, the Bank launched another U.S.$500 million Eurobond issue with seven-year maturity and the fixed coupon rate 5.0% per annum. The Eurobond issue was redeemed in October 2020.
RUB denominated Eurononds. In October 2012 EDB made Rouble-denominated Eurobond issue for RUB 5 billion with the fixed coupon rate 8.0% per annum. It was Regulaton S based issue. This Eurobond issue was redeemed by the Bank in October 2017.
Eurobonds denominated in Euro. In March 2021, the Bank made its debut issue of 5-year Eurobonds totaling €300 million with a fixed rate of 1.0% on the Irish Stock Exchange. The issue was assigned a credit rating of Baa1 by Moody's, BBB+ by Fitch, BBB by S&P. Holders of Eurobonds are international investors from Europe, Central and Central Asia, as well as other investors.
Tenge denominated Eurobonds. In 2009, EDB issued Tenge denominated Eurobonds in two tranches of KZT 20 billion (approximately US $133 million). This Eurobond issue was redeemed by the Bank in April 2014.
In June 2021, the Bank made its debut issue of KZT denominated 3-year Eurobonds totaling KZT 21.5 billion at a fixed rate of 10.0% on the Irish Stock Exchange. The issue was assigned a Baa1 credit rating by Moody's. The proceeds from the placement were used to finance the Bank's project activities in Kazakhstan.