Placement of ADB $32 million green bonds and $7 million gender bonds on the Kazakhstan Stock Exchange, supporting sustainable development and gender equality initiatives.
Category
CAPITAL MARKETS
Date
2022
First transaction in Kazakhstan history where a local investment bank served as sole manager for an international bond buyback. Buyback volume of $53 million for Borets Holding with settlement through Clearstream and Euroclear.
Acted as underwriter and financial consultant for EBRD debt funding of ₸33.5 billion linked to TONIA with a coupon of TONIA+0% for a 3-year term. Strong investor demand demonstrated in the benchmark placement.
Landmark benchmark placement of EBRD TONIA-linked bonds worth $110 million equivalent. First floating-rate instruments indexed to TONIA in Kazakhstan, protecting investors from interest rate risk with near-zero duration.