Published
04/01/2026, 14:46The Eurasian Development Bank (EDB) has successfully completed the placement of three-year dollar-denominated bonds on the Kazakhstan Stock Exchange (KASE). The total amount raised was $121.6 million.
The coupon rate is 5.35% per annum, which is 1.5% higher than the yield on three-year US Treasury bonds; in other words, investors are being offered additional yield as compensation for the higher risk compared to the most reliable securities.
The placement attracted significant interest from investors. Total demand exceeded supply by more than 20%, which demonstrates the financial market’s confidence in the EDB’s credit quality and its strategic initiatives in the region.
The funds raised will be used to finance investment projects in the Bank’s member countries, including Kyrgyzstan. The EDB’s accumulated investment portfolio in Kyrgyzstan stands at $445 million, with further projects worth around $300 million currently under consideration.
It should be noted that just a few days ago, the EDB redeemed €286 million worth of Eurobonds, confirming its status as a reliable borrower.
