Eurasian Development Bank raises $121.6 million in 3-year bond placement on KASEThe Eurasian Development Bank has completed the placement of three-year dollar-denominated bonds on the Kazakhstan Stock Exchange, raising $121.6 million, the bank said Wednesday.The bonds carry a coupon rate of 5.35% annually, equivalent to a spread of 150 basis points above three-year U.S. Treasury notes, the bank said.Demand for the bonds exceeded supply by more than 20%, according to the bank.Proceeds will fund investment projects in EDB member states, including infrastructure, energy, transportation and industry.Halyk Finance acted as initiator and lead underwriter, alongside Alatau City Invest and Forte Finance.The Eurasian Development Bank is a multilateral development bank focused on investment across Eurasia. By the end of 2025, the bank's accumulated portfolio included 326 projects totaling $19.6 billion. The portfolio is dominated by projects with integration effects in transport infrastructure, digital systems, green energy, agriculture, industry and machinery.Under its 2022-2026 strategy, the bank is implementing three major initiatives: the Central Asian Water and Energy Complex, the Eurasian Transport Framework and the Eurasian Commodity Distribution Network. (ICE ALMATY)

Fonte notizia: INTERFAX