Astana International Exchange (“AIX” or “the Exchange”) is pleased to announce the successful listing of ForteBank’s five-year $400 million Eurobond. The bonds are also admitted to trading on the Vienna MTF. Strong investor demand led to a reduction in the coupon rate from 8.25% to 7.75%.
This marks the first Eurobond issuance by a private Kazakh bank in the past 12 years.
Assel Mukazhanova, AIX CEO, said:
“We are delighted to welcome ForteBank’s Eurobond issuance. The strong demand from international investors highlights the confidence in Kazakhstan’s financial sector and the bank’s robust market position. This listing also provides investors with an excellent opportunity to diversify their portfolios with high-quality emerging market assets.”
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. 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/