Asian Development Bank to Place International Bonds on KASE

The Kazakhstan Stock Exchange has announced an upcoming primary placement of international bonds from one of the largest multilateral lenders in the Asia-Pacific region, the Asian Development Bank. The subscription will take place on August 11 on KASE's trading system, with investment bank Tengri Partners acting as seller. The arrival of highly-rated supranational debt on the local market broadens the range of conservative foreign-currency instruments available to Kazakhstani investors seeking safe holdings. Such placements typically attract institutional players, but they are also accessible to private investors through KASE-member brokers. It marks another step in developing Kazakhstan's international debt market.