AIX expanded the range of responsible financing products by introducing ESG-Labelled Bonds. From 5 December, 2022, the range of responsible financing products on AIX is expanded by introducing a new chapter to the AIX Business Rules on issuance and listing of ESG-Labelled Bonds using “open architecture” structure. This structure gives flexibility to issuers to attract responsible financing for their sustainability-linked projects through a wider range of instruments under internationally recognized standards. The ESG-Labelled Bonds may include social and sustainable and other ESG-labelled bonds such as blue bonds, transition bonds and sustainability-linked bonds on AIX.
In November 2021 “Samruk-Energy” JSC, 100% subsidiary of “Sovereign Wealth Fund “Samruk-Kazyna” JSC, listed with AIX its debut Green Bond in the amount of KZT18.4bn maturing November 2028 with the coupon rate of 11.40%. The full amount was raised on AIX via book-building.
In August 2020, Damu Entrepreneurship Development Fund listed Kazakhstan’s first-ever “green” bonds on the AIX as part of an agreement with the UNDP to promote investment in renewable energy sources as risk free. The “Green” coupon bonds are worth KZT 200 mln. and due to mature in 36 months.
The purpose of the bonds was to provide loans to Kazakhstan companies working with renewable energy. As the number of international investment funds across the world specialising exclusively in “green” projects is growing year-on-year, we believe that “green” finance is sure to find its niche in Kazakhstan, allowing them to invest in our country.