In August 2020, Damu Entrepreneurship Development Fund listed Kazakhstan’s first-ever “green” bonds on the AIX as part of an agreement with the UNDP to promote investment in renewable energy sources as risk free. The “Green” coupon bonds are worth KZT 200 mln. and due to mature in 36 months.
The purpose of the bonds was to provide loans to Kazakhstan companies working with renewable energy. As the number of international investment funds across the world specialising exclusively in “green” projects is growing year-on-year, we believe that “green” finance is sure to find its niche in Kazakhstan, allowing them to invest in our country.