EDB receives a prestigious Cbonds Award-2012 for its Kazakh bond issue

Almaty, 20 March 2013. The Kazakhstan Financial Forum, an annual conference organised in Almaty by the Cbonds Information Agency (Russia), presented the prestigious Cbonds AWARDS-2012. Eurasian Development Bank (EDB) has won in one of the nominations – its bond issue in the tenge has been recognised as the Best Primary Bond Deal in Kazakhstan in 2012.

EDB placed its KZT-denominated securities in Kazakhstan for a total of KZT 9.9 billion, with a coupon of 6.25% p.a. and maturity in 2017. The issue was placed on 28 December 2012 through a special auction at the Kazakhstan Stock Exchange (KASE). Moody’s rated the issue at A3. The proceeds from the issue are used to fund the Bank’s investment projects in Kazakhstan.

Every year Cbonds Awards nominates leaders in Kazakhstan’s financial market. The winners are chosen by an independent poll among the market players, where ballots cast for the company a poller works for are not counted.

The Kazakhstan Financial Forum has been held since 2006. The forum is one of the largest events relating to Kazakhstan’s financial market. Its participants include representatives of Kazakh broker and management companies, banks, pension funds, corporations, public authorities and regulators. Delegates from Russia, other CIS states and foreign countries take part in the conference in addition to participants from Kazakshtan. .

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.