AIFC Green Finance Centre and BCC Invest sign MoU for collaboration in the field of sustainable finance
The AIFC Green Finance Centre (AIFC GFC) and BCC Invest signed a Memorandum of Understanding (MoU) on cooperation in the field of sustainable and green financing, in particular in issuing green and social bonds.
In line with agreements reached, the parties will interact to promote and develop green and social bond markets, in particular, to support the registration of the issue, listing and placement of green and social bonds on the Astana International Exchange (AIX).
BCC Invest is one of the largest investment banks in Kazakhstan, which has significant experience in the successful implementation of transactions for the issue and placement of securities.
In connection with the signing of the Memorandum, Mr. Alibek Urazakov, Deputy Chairman of the Board of BCC Invest, said: “We are pleased to be at the forefront of the development of green finance in Kazakhstan, which have great potential and prospects. The successful placement of the debut green bonds of JSC “Entrepreneurship Development Fund “Damu” on the AIX should become the foundation for the further successful development of green finance in the country. We really appreciate the cooperation with AIFC GFC and look forward to further fruitful cooperation between our organizations.”.
AIFC has been working on the development of green finance and green bond market in Kazakhstan and in the region by creating a regulatory framework and introducing legislative standards for the formation of a green financial system of Kazakhstan, providing consulting support for green bond issuers on AIX platform, conducting research in the field of green finance, raising awareness and building capacity among business circles through trainings and a new platform – the annual Green Growth Forum.
Asel Nurakhmetova, CEO of AIFC GFC, said: “We highly appreciate the relationship of mutual understanding and cooperation with BCC Invest, which has developed, among other things, in the process of the successful debut placement of green bonds of JSC “Entrepreneurship Development Fund “Damu” in the AIX trading system, where the company acted as a lead manager. AIFC GFC intends to deepen its strategic partnership with BCC Invest and is glad that thanks to this memorandum, it has the opportunity to make an additional contribution to the development of the green and social bonds market”.
Reference:
AIFC. In December 2015, the First President of the Republic of Kazakhstan, Nursultan Nazarbayev, signed the Constitutional Law on the establishment of the International Financial Centre Astana (AIFC). The purpose of AIFC is the formation of a leading centre of financial services on international level. For the first time in the post-Soviet space, the principles of English law will be introduced, the official language of the financial centre will be English. AIFC’s tasks are to assist in attracting investments to the country’s economy by creating an attractive environment for investing in financial services, developing the securities market of the Republic of Kazakhstan, ensuring its integration with international capital markets. www.aifc.kz
AIFC GFC is AIFC’s organisation responsible for introduction of green finance instruments in Kazakhstan and Central Asia, promoting Astana International Financial Centre as a green finance hub and attracting green investments into Kazakhstan. For more information, please visit: https://gfc.aifc.kz/
BCC Invest is one of the largest investment banks in Kazakhstan. The company has significant experience in the successful implementation of transactions for the issue and placement of securities. This year the company received the awards “Best Financial Advisor”, “Best Broker”, “Best Asset Manager” according to the international business edition International Business Magazine. For more information about BCC Invest, please visit https://www.bcc-invest.kz/
