2 Nov 2021

ACRA has verified a bond issue of the Eurasian Development Bank (EDB), which was listed on the Kazakhstan Stock Exchange (KASE), for compliance with the basic components of the Green Bonds Principles of the International Capital Markets Association (ICMA). These are the first green bonds listed at the Kazakhstan Stock Exchange, which were verified in accordance with international standards.

The KZT 20 bln bond issue was listed at KASE in September. ACRA recognized the bond as "green," since the projects financed by the issue are aimed at achieving the goals corresponding to the categories of ICMA projects and have a positive environmental effect. For a detailed assessment of the issue, visit: https://acra-ratings.ru/press-releases/2975/?lang=en.

The bond issue was assessed for its compliance with international standards of green/social bonds as part of the implementation of the Memorandum of Cooperation between ACRA and the Kazakhstan Stock Exchange. The memorandum provides for joint work for the development of the green financing and sustainable development sector in the financial market of the Republic of Kazakhstan. ACRA and KASE agreed to cooperate in the development of an efficient financial market infrastructure in order to reduce the negative impact on the climate, improve social aspects, develop regulatory standards, promote ESG project funding in the Kazakhstan stock market, and support the corporate sector in financing sustainable development projects.

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Alexander Mazunin
Head of external communications
+7 (495) 139 04 80, ext. 177
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