EDB (А3/ВВВ/ВВВ) closes its order book for Series 05 Bonds

Almaty, 23 July 2013. The demand for Eurasian Development Bank’s (EDB) Series 05 bonds, with a total par value of RUB 5 billion, during the effective period of the order book was two times higher than the offer, reaching approximately RUB 11 billion. A total of 23 orders were made, with a coupon ranging from 7.50 to 7.75% p.a.

EDB decided to set the first coupon at 7.70% p.a., which means an effective yield of 7.85% p.a.

The issue will mature in seven years, with an intermediate offer to be made in two years. The loan duration is 1.89 years.

The Bank managed to set one of the lowest coupons among first-tier financial institutions’ placements in 2013. “We are satisfied with the placement results,” confirmed Dmitry Krasilnikov, Member of the EDB Management Board and Managing Director for Corporate Finance.

The arrangers of the issue were VEB Capital, Gazprombank and Sberbank CIB and the underwriter was RON Invest.

Additional Information

Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital exceeds US $1.5 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

Read more about EDB at https://eabr.org/