The EDB co-arranges a placement of Kazakhstan’s sovereign bonds

28 June 2021

The Eurasian Development Bank (EDB) has co-arranged a placement of rouble-denominated sovereign bonds of Kazakhstan’s Ministry of Finance on the Moscow Exchange and Astana International Exchange Limited (AIX). The offering totalled RUB 40 billion, with maturities of five, seven, and ten years. The other arrangers are VTB Capital, Gazprombank, Moscow Credit Bank, Sberbank CIB, and First Heartland Securities.

The order book was opened on 24 June 2021 with an initial benchmark coupon of 7.55% per annum for five years, 7.75% for seven years, and 8.00% for ten years. The coupon for all issues was lowered twice during the bookbuilding process. The final rates were set at 7.48% for five years, 7.69% for seven years, and 7.92% for ten years. The investors are public and private banks as well as individuals.

“We consider the offering of the rouble-denominated sovereign bonds issued by Kazakhstan’s Ministry of Finance a benchmark transaction, as it fully complies with the Bank’s mandate to enhance the integration of capital markets of its founding countries. It is important to note that 19.4% of the issue was placed on the Astana International Exchange (AIX) and this has helped the issuer to expand the range of investors,” said Nikolai Podguzov, Chairman of the EDB Management Board.

In 2020-2021, the EDB increased its presence as an arranger of bond issues in the EAEU capital markets. This year, the Bank successfully placed an issue of Russian Railways Eurobonds and Samruk-Kazyna Construction rouble-denominated bonds.

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 and is headquartered in Almaty. The EDB’s portfolio mainly consists of projects with an integration effect in the areas of transport infrastructure, digitalisation, green energy, agriculture, industry, and mechanical engineering. The EDB marks its 15th anniversary in 2021. 

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)  

pressa@eabr.org

www.eabr.org


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2021