EDB Raises $54mln From UAE Markets to Fund Projects in Central Asia

Eurasian Development Bank Issues Bonds in UAE to Boost Investment in Central Asia

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA — The Eurasian Development Bank (EDB) has raised 200 million UAE dirhams (US$54 million) through a private bond placement in the United Arab Emirates (UAE), marking a new milestone in financial cooperation between the Gulf and Central Asia. The bonds, denominated in dirhams, were arranged by First Abu Dhabi Bank (FAB), the UAE’s largest financial institut…

EDB raises $54mln from UAE markets to fund projects in Central Asia

The AED-denominated bond was arranged by First Abu Dhabi Bank

Eurasian Development Bank raises funds on the UAE Capital Market to finance its investment projects in Central Asia - QUICK NEWS AFRICA

The Eurasian Development Bank (EDB), a supranational financial institution headquartered in Almaty, Kazakhstan, has issued a private placement bond, denominated in dirhams, on the local UAE capital market. This pioneering issuance of AED 200 million (equivalent to c. US$ 54 million), was arranged by First Abu Dhabi Bank (FAB), the largest bank in the UAE,