News — The EDB Fund for Digital Initiatives

Almaty, 3 October 2013. Eurasian Development Bank (EDB) made an additional placement of the bonds it issued in April 2013 (NIN KZP02Y05E382) for a total of KZT 16.6 billion. Now, the aggregate value of the second issue amounts to KZT 31.6 billion.

The coupon is set at 6% p.a. and the yield to maturity at 6%. The issue will mature in 4.5 years

Almaty, 3 October 2013. Eurasian Development Bank (EDB) has signed loan documentation with a group of European banks, including Societe Generale Corporate & Investment Banking, IKB Deutsche Industriebank AG, and AKA Ausfuhrkredit-Gesellschaft m.b.H. for a loan of around circa Euro 107.8 million with maturity up to 10 years

Almaty, 1 October 2013. The aggregate GDP of the CIS countries in Q2 2013 grew by 1.4%, which is significantly lower than in the past year (4%) and the preceding quarter (1.7%). This conclusion is made in the new issue of The CIS Macromonitor published by Eurasian Development Bank’s (EDB) Research Department

Moscow, 30 September 2013. Eurasian Development Bank (EDB) has closed the order book for its Series 06 and 07 bonds for a total of RUB 10 billion. The first coupon is set at 7.85% p.a., which corresponds to an effective yield of 8.0% p.a. (before the put option is exercised).

The issue will mature in seven years, with a put option exercisable in three years. The loan duration is 2.72 years

A substantial majority of the population in most of the potential Customs Union member states is in favour of joining the Russian-led bloc, according to a study by the Eurasian Development Bank (EDB)

A total of 72% of the population of Kyrgyzstan, 75% of Tajikistan and 67% of Armenia advocate this decision. In Ukraine the level of support reaches 50% and in Moldova 54%. These are the results of EDB’s annual research The Integration Barometer.

St. Petersburg, 24 September 2013. In Belarus, Kazakhstan and Russia public support for the Customs Union and the Single Economic Space (SES) remains high at 65%, 73% and 67% respectively, as shown by the second survey of public preferences in the CIS with respect to various issues of Eurasian integration undertaken by Eurasian Development Bank’s (EDB) Centre for Integration Studies and the Eurasian Monitor international research agency. More than 14,000 people in eleven CIS countries and Georgia were polled — between 1,000 and 2,000 in each of the countries.

As compared to 2012, the survey has shown that public support for the Customs Union and the SES reduced by 7% in Kazakhstan and 5% in Russia. This happened, largely, because of the increase in the number of respondents who stated they were indifferent to the participation of their countries in the Customs Union and the SES. In Belarus the level of support for its membership of the Customs Union and the SES grew from 60% to 65%.

Among non-members, the highest level of public support for possible joining these two structures was expressed in Uzbekistan (77%), Tajikistan (75%), Kyrgyzstan (72%) and Armenia (67%). An interesting fact is that Georgian citizens also express significant support for the country’s joining the Customs Union and the SES: the share of positive answers has doubled over a year to 59%. This suggests that cooperation between Georgia and the Customs Union countries should be stepped up

The Bank has chosen the best day to place its Eurobonds this year.

Almaty, 23 September 2013. Eurasian Development Bank (EDB) has completed the placement of its seven-year Eurobonds for a total of US $500 million, with a yield of 300 bps over average market swaps (5.292% p.a.). The coupon rate is 5% p.a.

The demand for EDB’s Eurobonds has exceeded the supply by eight times, reaching US $4 billion. Thanks to this high demand that Bank managed, over the day the placement was arranged, to reduce the yield on its issue from 337.5-350 bps (the preliminarily declared spread over average market swaps) to 300 bps. The number of investors who took part in the issue remained practically unchanged. «EDB, as an issuer, is not included in any country indexes and remains a «non-indexed issuer,» says Dmitry Krasilnikov, Member of the EDB Management Board and Managing Director for Corporate Finance. «This means that our placement, despite the favourable market environment, may be the best one this year, was a check of investors’ trust to EDB’s credit. We are satisfied with the results of this check»

China is interested to make investment in the capital of the Eurasian Development Bank (EDB), Russian presidential special envoy for the affairs of the Shanghai Cooperation Organization (SCO) Kirill Barsky told reporters here on Friday

In his interview to journal “Dengi i Kredit”, Igor Finogenov, Chairman of the EDB Management Board, spoke about the objectives set and plans concerning implementation of the new Strategy of Eurasian Development Bank for 2013-2017, which was approved by the EDB Council in June 2013.

In June 2013, the Council of Eurasian Development Bank (EDB)—— which consists of the Ministers of Finance, as well as heads of economic ministries and agencies of the governments of Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan——approved the Bank’s Strategy for 2013–2017. In his interview to journal “Dengi i Kredit”, Igor Finogenov, Chairman of the EDB Management Board, spoke about the objectives set and plans concerning implementation of the new strategy