The EDB offers a KZT 20 billion debut issue of green bonds on Kazakhstan Stock Exchange (KASE) for three years

22 September 2021

Moscow, 22 September 2021. The Eurasian Development Bank (EDB) has successfully placed a three-year green bond issue denominated in the tenge for a total of KZT 20 billion, with a coupon of 10.5%, on Kazakhstan Stock Exchange (KASE).

The issue is fully compliant with the green bonds principles. Investor demand has exceeded the offering. The investors include Kazakhstan’s banks, financial companies, investment companies, and private investors.   

“For our bank, this is the debut issue in the ESG segment. We plan to use the proceeds to finance ESG projects in Kazakhstan. In 2021, the EDB continues to develop international best practices in ESG. The Bank has developed a new environmental and social responsibility and corporate governance framework, which sets out the rules and procedures for evaluating investments against ESG criteria. We have also developed a green and social debt instruments framework, which allows us to finance ESG projects by issuing bonds and report to investors on the use of the proceeds,” said Nikolai Podguzov, Chairman of the EDB Management Board.

“The exchange supports responsible investing that is emerging in our country. By issuing green bonds, organisations get significant benefits: in addition to preferential listing terms, the issuer improves its image and thereby attracts new investors and additional resources for environmental projects. KASE is currently offering ESG bonds from three investors. The EDB’s green bond issue has raised the largest amount of financing, KZT 20 billion, and is an important milestone for the country’s stock market, underscoring the growing importance of sustainable development principles for Kazakhstan’s economy. I hope that the EDB’s successful experience will be a benchmark and example for other potential issuers of ESG instruments. For our part, we are ready to further improve the listing rules and trading options and to actively promote best practices in sustainable development,” said Alina Aldambergen, Chair of the Management Board of KASE.

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)

pressa@eabr.org

Kazakhstan Stock Exchange (KASE) is the leading stock exchange in Central Asia. KASE ranks second in the CIS in terms of trade in securities and fifth among FEAS stock exchanges in terms of the shares market capitalisation.

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2021