The Astana International Exchange (“AIX”, “Exchange”) is pleased to announce that the Eurasian Development Bank (“EDB”) has successfully listed its debut US $100 mln 12-months bond on the AIX. First Heartland Securities JSC was acting as adviser of the transaction.
CEO of AIX, Tim Bennett, commented:
“We are delighted to welcome the first listing of the Eurasian Development Bank at AIX. We believe this is a good signal for investors and the market, that can serve as a good example for other supranational development banks.”
CEO of EDB, Nikolay Podguzov, noted:
“The debut placement of bonds was carried out as part of the Bank’s efforts to shape the curve in US dollars and euros and diversify funding instruments. The bank plans to continue its partnership with the AIX in 2021 and offer investors a series of short-term issues with maturities up to 18 months.”
CEO of “First Heartland Securities” JSC, Yevgeniy Pan, said:
“The placement of EDB bonds is a significant event both for the financial market and for issuers and investors. This placement provides a unique opportunity for investors to make short-term investments in high-quality bonds. We thank the EDB for the opportunity to be involved in this placement. We would also like to note the growing interest in the AIFC platform from issuers and investors, and this transaction is a confirmation of this interest.”
Reference:
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the 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 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. More details: www.aix.kz
AIFC. The Astana International Financial Centre was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. The Centre’s development strategy until 2025 was approved by the Management council of the AIFC during the council’s meeting on July 2, 2020. In accordance with the strategy, the vision of AIFC is in becoming the leading 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 Tokayev noted, “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 “digital financial centre.” www.aifc.kz
EDB. The Eurasian Development Bank is an international financial institution established the Russian Federation and the Republic of Kazakhstan on 12 January 2006 to promote economic growth in its member states, extend trade and economic ties among them. The Bank’s charter capital totals US $7 billion. The members of the Bank are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. www.eabr.org