The EDB invests RUB 2.5 billion in DOM.RF’s bonds to support housing construction and promote a comfortable urban environment in Russia

24 December 2021

Moscow, 23 December 2021. The Eurasian Development Bank (EDB) has supported housing construction and the promotion of a comfortable urban environment in Russia by investing RUB 2.5 billion in DOM.RF’s infrastructure bonds.

The proceeds will be provided in the form of concessional and long-term infrastructure loans to developers in order to finance the construction of utilities, transport and social infrastructure, telecommunication networks, and public spaces in and around housing construction sites.

The issuer is the Specialised Project Finance Company (SOPF), a subsidiary of DOM.RF. DOM.RF guarantees the bonds, ensuring their high credit quality. Loans to construction companies will be extended against state guarantees of the constituent entities of the Russian Federation that take part in relevant projects.

The issue complies with key international standards for responsible investment – the International Capital Market Association’s (ICMA) Social Bond Principles. These principles help to develop a systematic and unified approach to the valuation of social bonds. Infrastructure bonds are also compliant with nine out of the seventeen UN Sustainable Development Goals.

“Supporting projects that comply with best practice and ESG principles is fully in line with the EDB’s objectives and strategic goals. For this reason, we were pleased to co-arrange another issue of DOM.RF’s infrastructure bonds and continue our successful cooperation with this important partner in the development of housing construction in Russia,” said Amangeldy Issenov, Vice Chairman of the EDB Management Board.

DOM.RF is a financial development institution in the housing sector established in 1997 by decree of the Russian Government to promote state housing policy. DOM.RF works to attract investment and improve the quality and affordability of housing through the development and implementation of federal standards to make mortgages more affordable to citizens.

Additional Information:

The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries. For 15 years, the Bank has worked to strengthen and broaden economic ties and foster comprehensive development in its member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The EDB's charter capital totals US $7 billion. 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 Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.

The EDB Media Centre:

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)

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