Pension Fund of Kazakhstan purchases Eurasian Development Bank's bonds
Baku, Azerbaijan, June 29
By Nargiz Sadikhova - Trend:
Unified Accumulative Pension Fund of Kazakhstan acquired bonds of European Bank for Reconstruction and Development (EBRD) and of Eurasian Development Bank (EADB) worth over 41 billion tenge in May, Trend reports with reference to Eurasian Development Bank.
“The volume of investments of pension assets denominated in tenge amounted to 89.2 billion tenge in May, including purchase of government securities of the Ministry of Finance of Kazakhstan worth 48 billion tenge, the weighted average revenue of which equals to annual 8.7 percent,” the report said.
“Furthermore, EBRD's bonds worth 30 billion tenge, the weighted average revenue of which equals to annual one percent, were also purchased, as well as Eurasian Development Bank bonds worth 11.2 billion tenge, the weighted average revenue of which equals to annual 9.5 percent,” the statement said.
Bonds of Eurasian Bank worth 19.8 billion tenge were also sold in May. In the reporting period, early partial payments of main debt on second tier banks’ deposits worth 1.2 billion tenge were made according to requirements of the deposit agreement.
(1USD = 379.98 KTZ on June 29)
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