11.08.2025
PRESS RELEASE
Asian Development Bank Issues International Bonds on KASE with the Support of Tengri Partners Investment Banking
Almaty – August 11, 2025
On August 11, 2025, the Kazakhstan Stock Exchange (KASE) hosted the primary placement of international bonds ISIN XS3145682491, trading code ASDBe21, issued by the Asian Development Bank (ADB).
The bonds were issued in Kazakhstani tenge with a nominal placement volume of KZT 23,533,572,000. The subscription took place from 09:30 to 12:00 Astana time, resulting in a yield of 17% per annum, a maturity of 3.1 years, and a bid-to-cover ratio of 106.4%. Transactions were executed on the same day, August 11, with settlement scheduled for August 15, 2025.
Tengri Partners Investment Banking (Kazakhstan) acted as the financial advisor and organizer of the subscription.
The underwriter of the issue was: Tengri Partners Investment Banking (Kazakhstan).
“We are pleased to facilitate the entry into the Kazakh market of such a reputable international institution as the Asian Development Bank. Listing on KASE provides investors with access to reliable instruments of high credit quality. The proceeds will be directed towards financing another infrastructure project in Kazakhstan, which will have a significant positive impact on the development of the national economy. We see substantial potential in such transactions and will continue to develop this segment,”–said Nurlan Yessembayev, Chairman of the Management Board of Tengri Partners Investment Banking (Kazakhstan).
Capital Markets Department
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