EDB co-organizes bonds placement of Kazakhstan’s Samruk-Kazyna Construction

Finance Materials 23 December 2020 16:56 (UTC +04:00)
EDB co-organizes bonds placement of Kazakhstan’s Samruk-Kazyna Construction

BAKU, Azerbaijan, Dec. 23

By Nargiz Sadikhova - Trend:

Eurasian Development Bank (EDB) acted as a co-organizer of the placement of bonds of Kazakhstan’s Samruk-Kazyna Construction JSC, Trend reports citing the EDB.

The order book for the issue was opened on December 8, 2020, with a marketed coupon rate of 7–7.1 percent per annum and a placement volume of 2.5 billion rubles ($33.3 million).

Investors' interest allowed the issuer to set the coupon rate at the lower limit of the marketed range, at 7 percent per annum, which corresponds to a yield to maturity of 7.12 percent per annum. The bond circulation period is 630 days.

The transaction was settled on December 22, 2020, on the Moscow Exchange. The issue was also organized by Sovcombank, ITI Capital, Freedom Finance, and Univer Capital.

The EDB said that following the debut placement of ruble bonds of the Ministry of Finance of Kazakhstan on the Moscow Exchange in September this year, the entry into the Russian market of issuers of the quasi-public sector of Kazakhstan is logical for the development of the integration of capital markets.

“The Ministry’s placement made it possible to form a “benchmark” for Kazakh issuers and give them the opportunity to diversify their investor base. I am sure that in the near future we will see a whole series of placements by issuers from Kazakhstan on the Russian market,” the EDB said.


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