BAKU, Azerbaijan, Dec. 7
By Nargiz Sadikhova - Trend:
Eurasian Development Bank (EDB) has listed debut $100 million 12-months bond on the Astana International Exchange (AIX), Trend reports citing the Astana International Financial Centre (AIFC).
CEO of AIX, Tim Bennett expressed belief that the bonds placement is a good signal for investors and the market, that can serve as a good example for other supranational development banks
In turn, CEO of EDB, Nikolay Podguzov said that 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, and 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.
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 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 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.
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