The EDB purchases Batys Transit’s bonds for a total of KZT 11.57 billion as part of the approved project to finance public-private partnership projects and refinance a part of Batys Transit’s bond issue

18 January 2019

Astana, 18 January 2019. The Eurasian Development Bank (EDB) purchased Batys Transit’s bonds for a total of KZT 11.57 billion, offered at Kazakhstan Stock Exchange (KASE) as part of Batys Transit’s first issue of infrastructural bonds (ISIN KZ000A0T88N8, trading code BTTRb1).

The financial adviser and broker for the purchase was Kazkommerts Securities.

As a result of the transaction, the current holders of Batys Transit’s bonds are the Eurasian Development Bank and KEGOC, one of the issuer’s shareholders.

The proceeds from the initial bond offering will finance a concession project to build the North Kazakhstan – Aktobe Region interregional power transmission line. The project is in the power sector, which is one of the Eurasian Development Bank’s priorities. It has significant socioeconomic effects for the development of Kazakhstan’s western region as it will help to reduce the price of electricity for end consumers, ensure stable supplies, upgrade equipment, and promote social development. 

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. 

Batys Transit was established in November 2005 under Resolution 1008 of the Government of the Republic of Kazakhstan to build the North Kazakhstan – Aktobe Region interregional power transmission line. The founders of Batys Transit are KEGOC and Mekhenergostroy.

Read more about the EDB at http://bttr.kz/

Kazkommerts Securities is one of the leading investment banks in Kazakhstan offering all types of investment and banking services, including brokerage, trade in securities, financial advice and underwriting (the arrangement of the issue and placement of debt and equity securities), corporate finance, investment portfolio management, and research.

Kazkommerts Securities:

Investment Banking

Indira Alkenova

+7 (727) 244 65 05 (ext. 58025)

ialkenova@kazks.kz  

ib@kazks.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)                    

pressa@eabr.org

 

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