EDB places bonds in Kazakhstan
21:14, 19 September 2014
ALMATY. KAZINFORM Eurasian Development Bank (EDB) placed its tenge-denominated securities (KZP04Y05E388) to the tune of KZT 20 billion in Kazakhstan.
The placement was made on 18 September at Kazakhstan Stock Exchange through a special auction. The bonds bear a YTM of 7.2% p.a. and will mature in five years, the bank's official website reads. The funds raised from this placement will be used to finance the Bank's projects in Kazakhstan. The total value of the Bank's bonds placed in the framework of its bond programme registered in Kazakhstan in 2012 (totaling KZT 150 billion) has reached KZT 81.5 billion.