OREANDA-NEWS. July 10, 2009. Eurasian Development Bank (Almaty), bonds of which are present in the official list of the Special Trading Floor of the Regional Financial Center of Almaty, provided to KASE the following press release, reported the press-centre of KASE:

The Eurasian Development Bank placed the second tranche of its bonds for a total of 5 billion tenge, thus increasing the aggregate volume of its debut bonds issued in April this year in Kazakhstan to 20 billion tenge. The terms of the second tranche are identical to those of the initial issuance. The debut issuance was part of the EDB's EMTN Programme registered in London in the end of the last year for a total of US3.5 billion. The issuance was assigned ratings by Standard & Poor's (ВВВ), Fitch (ВВВ) and Moody's Investor Services (A3).

Like the initial placement, this tranche is intended for Kazakh investors, first of all pension funds and insurance companies that are listed on the special trading floor of the Regional Financial Centre of Almaty. The bonds have a maturity period of five years. The coupon rate is fixed at 15% during the first year, and stating from the second year and until maturity the coupon will be adjusted using the consumer price index in Kazakhstan plus a margin of 1.00% per annum. Throughout the circulation period, the coupon rate will be limited to 8-16% per annum.

The arrangers of this issuance are the Kazakh investment companies BCC Invest, Kazkommerts Invest and Halyk Finance.

Reference

The Eurasian Development Bank (EDB) is an international financial institution founded by Rissua and Kazakhstan to foster economic growth and integration processes in the Eurasian region. More details about the bank is at website http://www.eabr.org