Eurasian Development Bank successfully priced its debut 5 bn Rouble denominated Eurobond offering

Almaty, 28 September 2012. Today Eurasian Development Bank successfully priced its debut Reg S 5bn Rouble 5-year Eurobond offering at the yield to maturity of 8,0% (the «Issue» or the «Transaction»). The notes are expected to be rated A3 (stable) by Moody’s, BBB (stable) by S&P and BBB (positive).

Raiffeisen Bank International AG and Sberbank CIB acted as Joint Lead Managers on the transaction.

The Transaction follows EDB’s prior domestic Rouble bond issuance, totalling 20bn Roubles, as well as two successful international Eurodollar offerings. In a 3-day European roadshow EDB’s Member of the Executive Board, Managing Director for corporate finance — Dmitry Krasilnikov met key institutional investors in London, Frankfurt and Vienna to market the Issue. The final order-book achieved more than 13bn Roubles (further details to be announced later on).

In a comment to the Transaction Dmitry Krasilnikov said: «This is our debut Eurorouble experience and it proved to be successful despite the challenging market background. We presented our story to the European institutional investors that look at high quality issuers out of CEMEEA, putting specific emphasis on our status, track record and strong numbers. As a result of the positive investor feedback, we were able to tighten our price talk from the initial guidance of 8,375% to 8,0—8,25% range and later in today to price the deal at 8,0% with a 5-year tenor. As our Rouble investments account to approximately 30% of our loan book, we may return to the Eurorouble market (conditions permitting) as early as next year».

Additional Information

The 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 trade and other economic ties in its member states. The 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.