Astana International Exchange (“AIX”, “Exchange”) is pleased to announce the launch of a programme for public ESG bonds where AIX initial listing and admission to trading fees will be waived in full for the instruments issued before 31 December 2023 inclusively.
The Management Committee has also approved annual admission to trading fees for public ESG bonds be reduced from standard US$10,000 to US$1,000 per annum with revised fees being applicable till maturity of such bonds, provided that they are issued no later than 31 December 2023.
Assel Mukazhanova, Acting CEO of the AIX, noted:
“The ESG agenda is one of the key areas AIX is thriving to be a part of and be associated with. We strive to comply with ESG standards in our daily operations and are keen to popularize the ESG labelled instruments broadly. This current initiative is driven by our willingness to contribute and enable ESG-minded companies to raise funding to invest into their sustainability-linked projects at lowered costs.”
Since December 2022 the range of responsible financing products on AIX has been 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 green bonds and sustainability-linked bonds on AIX. The ESG-Labelled Bond categories are published on the AIX website in the Rules & Regulations section.
Reference:
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, the Shanghai stock exchange, the Silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details: www.aix.kz
The Astana International Financial Centre (AIFC) is an independent jurisdiction that started (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/