The EDB places its debut issue of dollar-denominated bonds on AIX
Almaty, 4 December 2020. The Eurasian Development Bank (EDB) has successfully placed its debut 12-month bond issue for a total of US $100 million on the Astana International Exchange (AIX). The underwriter is First Heartland Securities.
“The debut bond placement was part of the Bank’s efforts to diversify funding instruments. The Bank plans to continue its partnership with the AIFC in 2021 and offer investors a series of short-term issues with a maturity of up to 18 months,” said Nikolai Podguzov, Chairman of the EDB Management Board.
“The placement of EDB bonds is a significant event for the financial market, as well as for issuers and investors. This is a unique opportunity for investors to make short-term investments in quality bonds. We thank the EDB for the opportunity to take part in this placement. We would also like to note the growing interest in the AIFC as a trading platform on the part of issuers and investors, and this transaction confirms this interest,” commented Yevgeniy Pan, Chairman of the Management Board of First Heartland Securities.
“We are happy to see the first listing of the Eurasian Development Bank’s securities on AIX. We believe that the listing will send a good signal to investors and the market in general and can serve as a good example for other international development banks,” commented Tim Bennett, CEO of AIX.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The EDB's charter capital totals US $7 billion. The Bank was established in January 2006 by Russia and Kazakhstan and is headquartered in Almaty. Transport infrastructure, energy, chemical, mining, and mechanical engineering projects with a high integration effect account for the main part of the EDB’s portfolio.
First Heartland Securities is Kazakhstan’s top brokerage company in terms of assets and capital and has been in the professional market since 2008. First Heartland Securities brings together securities market professionals and has worked extensively with public, private, and corporate clients. Since its establishment, the company has participated in the arrangement of several bond issues of the Ministry of Finance of Kazakhstan.
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are the Astana International Financial Centre, GoldmanSachs, Shanghai Stock Exchange, Silk Road Fund, and NASDAQ, , which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English common law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. Read more at www.aix.kz.
AIFC. Astana International Financial Center (AIFC) was established on the initiative of Nursultan Nazarbayev, the First President of the Republic of Kazakhstan. On 2 July 2020, the AIFC Management Council approved the centre’s Development Strategy until 2025. In accordance with the strategy, the vision of AIFC is in becoming the leading international financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe. The mission of the AIFC is in assisting the sustainable and long-term development of the region. As the Head of State Kassym-Jomart Tokayev noted, “The AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region.” The strategic directions for the sustainable development of the AIFC include the development of a circular economy, financial technologies, and a digital financial centre.” Read more at www.aifc.kz.
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)
AIX:
Yelena Pak, +7 (7172) 23 53 94