The EDB plans to float US $100 million in two-year bonds on AIX by the end of the year

15 December 2021

Nur-Sultan, 14 December 2021. The Eurasian Development Bank (EDB) plans to issue two-year bonds on the Astana International Exchange (AIX) to the tune of US $100 million by the end of 2021. Nikolai Podguzov, Chairman of the EDB Management Board, announced this at an online meeting with issuers organised by AIX.

“We welcome and stand ready to further develop our partnership with AIX, including by working together to launch repo transactions and market-making. The Bank will continue to work on the EDB curve and plans to float US $100 million in two-year bonds on AIX by the end of this year,” he said.

Daniyar Imangaliyev, Vice Chairman of the EDB Management Board, noted that the Bank managed to implement several landmark transactions on AIX, both as an issuer and as an arranger of Kazakhstan’s issues with sovereign and quasi-sovereign issuers.

“The debut AIX issue of the EDB’s US $100 million bonds was in 2020. This November, we managed to close another important deal for the EDB in the ESG segment – a debut issue of social bonds worth KZT 20 billion,” he commented.

Nazira Satbekova, Managing Director and Head of the Bank’s Funding Directorate, stressed the importance of ESG for the EDB and said that this year the Bank approved the Green and Social Bond Framework, under which it floated two debut issues of green and social bonds.

“Both issues have been approved by an accredited verifier. Green bonds have been included and social bonds are planned for inclusion in the registry of the International Capital Markets Association (ICMA). The proceeds will be used to finance the EDB’s ESG projects, which we plan to report on as part of the Bank’s annual report. The Bank’s role in the member countries’ ESG agenda is particularly important and promising, and our task is to strengthen this role,” she added.

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)

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