The EDB offers three bond issues for a total of KZT 50 billion
Almaty, 29 May 2019. The Eurasian Development Bank (EDB) offered another three tenge-denominated bond issues at Kazakhstan Stock Exchange (KASE) worth KZT 50 billion.
In May, the Bank arranged meetings with potential investors in Kazakhstan and, as a result, decided to offer additional bond issues this year. The total face value of the issues is KZT 50 billion. The bonds will mature in five years with a coupon of 9.50% per annum. Freedom Finance was the financial advisor and underwriter for the bonds.
The offering has once again confirmed that Kazakhstan’s investors, including private ones, are stably interested in the Bank’s bonds, and made it possible to set a five-year coupon.
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)