EDB makes an additional placement of KZT bonds

Almaty, 3 October 2013. Eurasian Development Bank (EDB) made an additional placement of the bonds it issued in April 2013 (NIN KZP02Y05E382) for a total of KZT 16.6 billion. Now, the aggregate value of the second issue amounts to KZT 31.6 billion.

The coupon is set at 6% p.a. and the yield to maturity at 6%. The issue will mature in 4.5 years.

“The placement was made at the same time when the head of the National Bank of the Republic of Kazakhstan was replaced. This did not stir up demand on the part of investors,” says Dmitry Krasilnikov, Member of the Management Board at EDB and Managing Director for Corporate Finance. “However, the issue did take place and this is the main result at the moment.”

The funds raised from this placement will be used to finance the Bank’s project activities in Kazakhstan.

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 at https://www.eabr.org.