Eurasian Development Bank Raises Funds On The UAE Capital Market To Finance Its Investment Projects In Central Asia
By Ron Chen, Bureau Chief, Asia 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, in partnership with Abu Dhabi Fund for Development (ADFD), a leading national development finance institution. This issuance supports the EDB’s strategic objective of enhancing regional infrastructure, trade, and industrial projects, while...