The EDB co-arranges a bond issue for Kazakhstan’s Samruk-Kazyna Construction
Moscow, 22 December 2020. The Eurasian Development Bank (EDB) co-arranged the placement of a bond issue of Samruk-Kazyna Construction (a subsidiary of Samruk-Kazyna, Kazakhstan). The book was opened on 8 December 2020 with a marketable coupon of 7.00-7.10% per annum and an issue size of RUB 2.5 billion. Investors’ interest made it possible for the issuer to set the coupon at the lower end of the marketable range, at 7% per annum, which corresponds to a yield to maturity of 7.12% per annum. The bonds will mature in 630 days.
The transaction was settled on 22 December 2020 on the Moscow Exchange.
The depository of the issue is the National Settlement Depository (NSD).
The other arrangers are Sovcombank, ITI Capital, Freedom Finance, and Univer Capital.
“Following the debut placement by Kazakhstan's Ministry of Finance of rouble-denominated bonds on the Moscow Exchange this September, it was logical for Kazakhstan’s quasi-public issuers to enter the Russian market to promote capital market integration. The placement by the Ministry of Finance set a ‘benchmark’ for Kazakhstan’s issuers and made it possible for them to diversify their investor base. I am confident that in the near future we will see a whole series of placements by Kazakhstan’s issuers on the Russian market.
Promoting integration of the financial markets of the Bank’s member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan – is a key objective for the EDB. Next year we plan to significantly increase our presence in such transactions, not only as an investor and arranger of bond issues, but also as an advisor and structurer,” said Nikolai Podguzov, Chairman of the EDB Management Board.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The EDB's charter capital totals US $7 billion. The Bank was established in January 2006 by Russia and Kazakhstan and is headquartered in Almaty. Transport infrastructure, energy, chemical, mining, and mechanical engineering projects with a high integration effect account for the main part of the EDB’s portfolio.
The EDB Media Centre:
Alexander Savelyev +7 (985) 765 23 59 (Moscow)
Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)
Sergey Gorbachev +7 (916) 727 22 00 (Moscow)