Azerbaijan, Baku, Dec. 13 / Trend E. Kosolapova/
The Eurasian Development Bank (EDB) held a series of meetings with Kazakh investors before the planned issuing of tenge bonds in the country, the Bank reported on Friday.
"Placement of bonds of the first issue (KZP01Y05E384) in the amount of 20 billion tenge (150.49 tenge = $1) is planned to take place by late of this year," the Bank said.
The funds, which will be received by the bank within the bonds placement, will be used to finance the Bank's investment projects in Kazakhstan.
Eurasian Development Bank 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. EDB's charter capital exceeds $1.5 billion. The member states of the Bank are Armenia, Belarus, Kazakhstan, the Kyrgyzstan, Russia and Tajikistan.