Astana International Exchange (AIX) is proud to announce the successful issuance of debut green bonds by PanDeM LLC, marking a significant milestone as the first issuer from Kyrgyzstan to promote sustainable finance and renewable energy investments in the region. The Green Wholesale Bond Programme registered by PlanDeM LLC with AIX facilitates allowing future issuances in various currencies and maturities.
Operating under the law of the Kyrgyz Republic, PlanDeM LLC is actively engaged in the development of solar and wind power plant projects across multiple jurisdictions. The company is currently advancing over 1.6 GW of renewable energy projects in Kazakhstan, Sri Lanka, Serbia, South Africa, and other countries with a core focuses on investing in renewable energy initiatives. This development aligns with AIX’s commitment to expanding responsible financing products including ESG-labelled Bonds to support sustainable development in the region.
Birzhan Astayev, Chief Markets and Products Officer, AIX, noted:
“This landmark issuance underscores AIX’s commitment to fostering innovative financial instruments that support global sustainability goals. By hosting the issuance of green bonds for the first issuer from Kyrgyzstan, AIX continues to position itself as a hub for financing transformative projects that contribute to the global energy transition”.
Ulan Dzhaparov, Director, PlanDeM LLC, noted:
“The primary objective of raising funds through AIX’s infrastructure is to support investments in renewable energy projects globally implemented by Kyrgyz company through the operational holding company in Mauritius. These projects focus on sustainable development, including the construction and operation of solar and wind facilities, aimed at reducing carbon emissions and promoting clean energy transitions in emerging markets. By fostering socio-economic development in the areas where it operates, the company aims to create lasting value for both the region and its stakeholders.”
The trading of the bonds is scheduled to commence December 20, 2024, with a maturity date set for December 20, 2054. The total volume of the first tranche is CNY 370,000,000, with a face value of CNY 1,000 per bond (Ticker: PDM.1254). The bonds offer a floating interest rate equal to the sum of the 1-Year SHIBOR and a 1.7% margin per annum. Coupon payments will occur quarterly, starting from the 10th year after the issue date.
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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. 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. www.aifc.kz