KASE launches placement of Asian Development Bank international bonds

The Kazakhstan Stock Exchange (KASE) is hosting the initial placement of international bonds issued by the Asian Development Bank (ADB), one of the largest multilateral financial institutions in the Asia-Pacific region. The placement is being conducted via subscription, with Tengri Partners Investment Banking (Kazakhstan) acting as the seller of the securities. The appearance of bonds from a highly-rated international organization on the Kazakh market expands the range of low-risk, predictable-yield instruments available to local investors. Such placements also help develop the infrastructure of Kazakhstan's stock market and strengthen its ties with global institutional investors.