According to 'PHM Capital', the main issue manager, the bonds will be listed and traded on the Abu Dhabi Securities Exchange. PHM Capital stated: 'The proceeds from the issue will be used to finance high-impact investment projects in the Central Asian member countries of the Eurasian Development Bank (EDB)'. The Eurasian Development Bank (EDB), based in Kazakhstan, is preparing to issue bonds denominated in UAE dirhams to raise financing for infrastructure projects. The EDB's portfolio includes a total of 326 projects with total investments of $19.6 billion as of the end of December. The size of the issue has not yet been determined.
