On November 5, 2021, Eurasian Development Bank (EDB) listed three-year social bonds worth 20 billion tenge at a coupon rate of 10.6% on the Astana International Exchange (AIX) and KASE. Halyk Global Markets JSC acted as the underwriter of the offering. The whole issue amount was raised through the AIX.
The funds raised will be used for the development of the Issuer’s social projects implemented on the territory of the Republic of Kazakhstan.
Eurasian Development Bank (EDB) is an international financial organization, carrying out investment activities in the Eurasian space. For 15 years, EDB has been promoting the strengthening and expansion of economic ties and comprehensive development of its member countries: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. The authorized capital of the EDB is $7 billion. The EDB’s portfolio is dominated by projects with integration effects in transport infrastructure, digital systems, green energy, agriculture, industry and mechanical engineering. The Bank is guided in its operations by the UN Sustainable Development Goals and ESG principles.
Halyk Global Markets was established in 1997 and is one of the largest investment banks in Kazakhstan, recognized not only in Kazakhstan, but also globally. Halyk Global Markets is a subsidiary of JSC “Halyk Bank of Kazakhstan”, the largest bank in Kazakhstan. The company provides a wide range of services in the capital markets: pension savings management, brokerage services, investment portfolio management, financial consulting services, underwriting and analytical research.
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, 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 was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. The Centre’s development strategy until 2025 was approved by the Management council of the AIFC during the council’s meeting on August 2, 2020. In accordance with the strategy, the vision of AIFC is in becoming the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe. The mission of the AIFC is in assisting the sustainable and long-term development of the region. As the head of state, Tokayev noted, “AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region. ”The strategic directions for the sustainable development of the AIFC include the development of a circular economy, financial technologies, and “digital financial centre.” https://aifc.kz/