The EDB completes placement of bonds for a total of RUB 5 billion at Moscow Exchange

12 March 2019

Almaty, 12 March 2019. The Eurasian Development Bank (EDB) announces the completion of placement of its 001P-03 bonds for a nominal value of RUB 5 billion at Moscow Exchange (identification number 4-00002-L-001P-02E of 14 June 2018). The coupon rate is set at 8.60% p.a. and the yield is 8.79%. The bonds will mature in two years.

The issue was offered to investors in the course of marketing for a nominal value of RUB 5 billion, with the target spread to the zero-coupon yield curve not exceeding 110 basis points.

The book building started on 27 February 2019, with the initial benchmark coupon rate at 8.55-8.65% per annum. The initial range was cut to 8.55-8.60% during book building.

The resulting rate is minimal among the financial institutions that have placed bonds in the Russian market from the beginning of 2019.

The arrangers of the issue are Gazprombank, REGION Broker Company, Raiffeisenbank, and UniCredit Bank.

The placement agent is Gazprombank. 

Additional Information: 

The Eurasian Development Bank (EDB) 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. The EDB's charter capital totals US $7 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.

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)            

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