ASTANA, Kazakhstan, December 29. The Eurasian Development Bank (EDB) has listed its own securities on the Kazakhstan's Stock Exchange (KASE), Trend reports.
As maintained by the EDB, the organizer was Jusan Invest JSC. The nominal volume of the 3.5-year issue amounted to 50 billion tenge (about $109 million), and the coupon rate was fixed at 14.2 percent per annum.
In 2023, EDB bonds became the largest market placement in the non-state sector. Previously, in August 2023, the EDB issued bonds totaling 25 billion tenge (about $54.7 million).
"The monies obtained will be used for projects in Kazakhstan. Currently, the Republic holds 56 percent of the EDB's balance-sheet investment portfolio. We intend to increase our investments further, particularly in infrastructure projects in Kazakhstan," said Chairman of the EDB Board Nikolay Podguzov, commenting on this event.
By the same token, in total, over the 17 years of existence of the EDB, 104 projects were implemented in Kazakhstan for a total of $5.6 billion.
Investing in the Republic of Kazakhstan has surpassed $1 billion since the beginning of the year. This year, for example, projects in transportation, energy, and the chemical industry were started.
Kazakhstan leads the Eurasian Development Bank in terms of investment volume.