AIFC Green Finance Centre and Jysan Invest sign MoU for collaboration in the field of sustainable finance

The AIFC Green Finance Centre (AIFC GFC) and Jysan 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).

Jysan Invest is one of the largest investment companies engaged in brokerage and dealer activities in the securities market and investment portfolio management activities in Kazakhstan

Nurdaulet Aidosov, Chairman of the Board of Jysan Invest, noted: “Today, climate change is a real challenge for humanity. Many countries are already moving on to the green path of economic development and this can explain the rapidly growing volume of green bonds in the world. We are joining forces with AIFC GFC in order to stimulate the issuance of green bonds in Kazakhstan and offer the best conditions to our potential issuers. “

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: “By joining forces with one of the leading investment brokerage companies in the country – Jysan Invest, we are able to offer potential issuers – partners of AIFC GFC – the best conditions for the provision of consulting services on the passage of listing procedures, taking into account the specifics of the listing format for green and social bonds, thereby giving a new impetus to attract investment in green and social projects in Kazakhstan and Central Asia”.

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/

 Jysan Invest is a subsidiary of Jysan Bank JSC, one of the largest modern second-tier banks in Kazakhstan. For more information about Jysan Invest, please visit https://jysaninvest.kz/