BAKU, Azerbaijan, Mar.17
Trend:
Eurasian Development Bank (EDB) acted as the only organizer of the placement of bonds of Kazakhstan’s Samruk-Kazyna Construction JSC, affiliate of Samruk-Kazyna Sovereign Wealth Fund, in Russian ruble, Trend reports referring to a source in the EDB.
According to the source, the transaction was settled on March 16, 2021 at the AIFC (Astana International Financial Center) Stock Exchange.
The order book for the issue was also opened in the above date. The bond circulation period is 1.75 years, and a placement value of 2 billion rubles ($27 million).
Investors' interest allowed the issuer to set the coupon rate at 8 percent per annum.
"The debut placement of Samruk-Kazyna Construction’s ruble bonds on the AIFC (Astana International Financial Center) Stock Exchange give Kazakh issuers the opportunity to diversify funding base and use the AIFC as an alternative platform for attracting debt capital. The EBD as an organizer is ready to provide further assistance to such transactions, contributing to the integration of the financial markets of the bank’s member countries," the EDB’s Board Chairman Nikolay Podguzov said.
The Eurasian Development Bank is an international financial organization that promotes the integration and development of the participating countries. The authorized capital of the EDB is the $7 billion.
The bank was established in January 2006 by Russia and Kazakhstan, with headquarters in Almaty. The main share in the EDB's portfolio is occupied by projects with an integration effect in the areas of transport infrastructure, energy, chemical and mining industries, and mechanical engineering.
