Press releases – Eurasian Development Bank

On 20 October 2021, the Eurasian Development Bank (EDB), together with other arranging banks, successfully listed the State Transport Leasing Company’s (GTLK) seven-year Eurobonds for a total of US $600 million, with a yield of 4.35% per annum, on the Vienna Stock Exchange. Investor demand amounted to nearly US $2 billion, exceeding the offering by more than three times. The investors include Russian and international financial market participants such as banks, investment and insurance companies, hedge funds, and companies managing pension accruals from Asian countries, as well as Austria, the U.K., Germany, and Switzerland

The number of users of the COVID-19 Free Travel app developed by the Eurasian Development Bank’s (EDB) Fund for Digital Initiatives has exceeded 1 million. The app has already been used to cross borders around 1.7 million times. Tigran Sargsyan, Vice Chairman of the EDB Management Board, reported this at a press conference at the Sputnik News Agency

Nikolai Podguzov, Chairman of the Eurasian Development Bank’s (EDB) Management Board, took part in a videoconference of the Supreme Eurasian Economic Council

The Eurasian Development Bank (EDB) and the Ural Mining and Metallurgical Company (UMMC) signed a memorandum expanding their cooperation. The document establishes a partnership in financing the investment programme of UMMC and its subsidiaries in EDB member states with a focus on ESG activities aimed at promoting sustainable development and support for the group’s foreign trade operations in the EAEU+ region

The Eurasian Development Bank (EDB) extended RUB 3 billion to the Ural Mining and Metallurgical Company (UMMC) as part of a syndicated loan arranged by ROSBANK

The Eurasian Development Bank (EDB) has approved its new Green and Social Debt Instruments Framework. The document has been designed to ensure the implementation of sustainable development projects

Five top managers of the Eurasian Development Bank (EDB) were included in the 22^nd annual Top 1000 Russian Managers ranking compiled by the Managers Association and Kommersant Publishing House

The Eurasian Development Bank (EDB) intends to support green power generation projects with a total capacity of 500 MW by 2024. Financing will total US $600 million. Alexander Gareyev, Managing Director and Head of the EDB Directorate for Energy, said this at Kommersant’s Energy of Russia: New Cycle – New Transformation conference. The EDB was a partner of the event

Moody’s Investors Service (“Moody’s”) has assigned a rating of Baa1 to the Eurasian Development Bank’s first green bond issuance. On 21 September, the EDB has successfully listed its three-year Kazakhstani tenge-denominated securities for a total of KZT 20 billion, with a coupon of 10.5%, on Kazakhstan Stock Exchange (KASE)

The Eurasian Development Bank (EDB) has successfully placed a three-year green bond issue denominated in the tenge for a total of KZT 20 billion, with a coupon of 10.5%, on Kazakhstan Stock Exchange (KASE)

The Eurasian Development Bank (EDB) has published its regular Macroeconomic Review with updated projections for the economic development of the Bank’s region of operations in 2021–2022. EDB analysts note that the Bank’s member economies have largely completed recovery from the 2020 downturn. As a result, economic growth rates have begun to shift towards moderate levels. In the baseline scenario, the EDB projects the region’s GDP to grow by 2.4% in 2021 and 2.8% in 2022. The analysts note that high inflationary pressures will persist. These are expected to ease as the strongest phase of the recovery in economic activity is completed and commodity prices stabilise. The EDB’s projections suggest that inflation in the Bank’s member states will slow from 7.4% in August to 6.8% by the end of 2021 and approach target levels during 2022