Press releases – Eurasian Development Bank

Tigran Sargsyan, Deputy Chairman of the Management Board of the Eurasian Development Bank (EDB), speaking at the opening of the workshop Russia and Europe: New Challenges for Economic Cooperation and Overcoming the Pandemic, emphasised the importance and effectiveness of international digital solutions in the context of the global spread of the virus

Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank (EDB), and Sergey Kogogin, Director General of KAMAZ, signed preliminary indicative terms of financing the development of the model range and the upgrade of production facilities of Russia’s largest automobile corporation. According to the document, the Bank will provide a five-year loan facility for a total of RUB 12 billion, in particular to set up the production of axle drives and a foundry in an industrial zone in Kostanai (Kazakhstan). The foundry will manufacture axle casings, cylinder blocks, and cylinder heads for the new K5 generation trucks

The Eurasian Development Bank (EDB) announced its financial results for 2020 in accordance with International Financial Reporting Standards (IFRS)

On 15 February 2021, the Eurasian Development Bank (EDB) and Minskenergo signed a EUR 101.2 million long-term loan facility agreement to finance the supply of key power equipment under a contract with SIEMENS Energy AB as part of the project to construct a 300 MW peaking power plant at Combined Heat and Power Plant (CHPP) 5. To finance the project, the EDB raised a loan from a consortium of leading German banks – KFW IPEX Bank and Landesbank Hessen Thuringen Girozentrale. The loan is insured by EKN, the Swedish Export Credit Agency

PFI Awards announced the Eurasian Development Bank’s project (EDB) to finance the construction of the Big Almaty Ring Road (BAKAD) the transport deal of the year in Europe

Ruslan Dalenov was appointed Deputy Chairman of the Management Board of the Eurasian Development Bank (EDB). He also became a member of the Management Board

The Eurasian Development Bank (EDB) co-arranged a bond issue by Russian Railways (Russia). The order book totalling RUB 20 billion opened on 29 January 2021 with an initial coupon benchmark of 6.85 to 6.95 per cent per annum. Investor interest allowed the issuer to set the coupon at the lower end of the marketable range, at 6.85% per annum, which corresponds to a yield to maturity of 6.97% per annum. The bonds will mature in 6.3 years

The Eurasian Development Bank’s Digital Initiative Fund (EDB DIF) will develop a dedicated mobile service, Working in the EAEU, by early 2022. This was announced by Russian Prime Minister Mikhail Mishustin at the Digital Almaty forum

The Eurasian Development Bank (EDB) will set up a centre of digital competencies for the Eurasian Economic Union (EAEU). The proposal was made by Askar Mamin, Prime Minister of Kazakhstan and Chairman of the EDB Council, at the Digital Almaty forum

The share of EAEU currencies in global trade transactions accounted for about 2%, while within the EAEU trade their role was significantly promoted and increased to 74% of total transactions. Furthermore, the EAEU market still has the capacity to show future positive shift. How has the role of EAEU currencies changed in the global and regional markets over the last decade? What are the prospects of the EAEU currencies? What measures should be implemented to promote the role of the EAEU currencies? The current study sheds light on these issues

On 28 January, at 11:00 a.m. (Moscow time), the Eurasian Development Bank (EDB) will present an analytical report entitled Enhancing the Role of EAEU National Currencies in International Settlements. The presentation will take place online on https://analytics.eabr.org/.