Black Sea Trade and Development Bank successfully places bonds on AIX

Astana International Exchange (“AIX”, “Exchange”) is pleased to announce the placement of the Black Sea Trade and Development Bank`s bonds on AIX.

The value of the securities issue amounts to $100m, with a nominal value of $100,000. The coupon rate is 6.25% with coupon payment every six months.

The Black Sea Trade and Development Bank (BSTDB) is a regional development bank established in1997 as an independent multilateral institution by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye and Ukraine.

Birzhan Astayev, Chief Markets and Products Officer, AIX, said:

The fact that another supranational financial institution issued bonds on AIX gives further evidence that we are developing in line with our strategy – to become a focal point stock exchange for the whole region amidst fragility in the international markets.

Maxim Zankin, Chairman of the Management Board of Teniz Capital Investment Banking JSC noted:

Teniz Capital Investment Banking has become an underwriter for this issue. Placement of BSTDB bonds on AIX confirms intensive development of Kazakhstan’s capital market and the Astana International Exchange. BSTDB holds the Supranational status and is one of the key development banks in the Black Sea and Eastern Europe region. The legal regime of AIFC and technological efficiency of AIX pave the way for foreign issuers and attract smaller cheques as an alternative way for issue of Eurobonds on the ISE (Irish Stock Exchange) and LuxSE (Luxembourg Stock Exchange).

Reference:

AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, the Shanghai stock exchange, the Silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details: www.aix.kz 

The Astana International Financial Centre (AIFC) is an independent jurisdiction that started (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/