The EDB places its first short-term bond issue for a total of RUB 2 billion
Almaty, 2 October 2019. On 30 September, the Eurasian Development Bank (EDB) placed its first two-month bond issue for a total of RUB 2 billion. The first coupon is set at 7.1% p.a. and has a spread to OFZ (the zero-coupon yield curve for federal loan bonds) of 35 basis points. The arrangers are VTB Capital and Otrkitie Bank and the placement agent is VTB Capital.
According to Aitalina Zhirkova, Deputy Treasury Director at the EDB, the inclusion of the EDB’s short-term bonds in Moscow Exchange’s list of REPOs with Central Counterparty should boost investors’ interest in the product. The Bank is ready to make such offerings regularly if there is demand on the part of the market. Short-term bonds will expand the list of instruments to manage the Bank’s short-term liquidity in Russian roubles.
“We deem particular praiseworthy the support extended to the EDB in the EAEU financial markets. The Bank earlier placed its first three-month tenge-denominated bond issue at Kazakhstan Exchange. I would also like to thank the arrangers and Moscow Exchange for their professional work,” Daniyar Imangaliyev, Treasury Director at the EDB, commented.
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.
Read more at https://eabr.org/
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)