The EDB issues KZT 50 billion bonds on KASE
Almaty, 29 December 2023. On 28 December 2023, the Eurasian Development Bank (EDB) placed a bond issue on the Kazakhstan Stock Exchange (KASE), arranged by Jusan Invest. This 3.5-year issue is valued at KZT 50 billion, with a coupon of 14.2% per annum.
This issue is the largest non-public offering in the market for 2023. Earlier in August 2023, the Bank issued bonds totalling KZT 25 billion.
“The proceeds will be allocated to projects in Kazakhstan. The country currently accounts for 56% of the EDB’s investment portfolio. We plan to further increase investment, including in infrastructure projects in Kazakhstan,” said Nikolai Podguzov, Chairman of the EDB Management Board.
“We are proud to conclude this year with the EDB as a significant and reliable issuer. This issue has garnered substantial interest among investors, offering an appealing return over the medium term. This opens new prospects for investors seeking sustainable and high-quality investment opportunities,” said Timur Salimov, Chairman of the Management Board at Jusan Invest.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution investing in Eurasia. For more than 17 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. The EDB's charter capital totals US $7 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank’s operations are guided by the UN Sustainable Development Goals and ESG principles.
The EDB Media Centre:
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