The Bank raises funding in both international and domestic capital markets. EDB borrowings include debt instruments such as Eurobonds, domestic bonds, ECP, syndicated and bilateral loans, as well as tied financing backed by international export credit agencies and banks.

Programmes

EMTN Programme ECP Programme Local bond issues in Russia Local bond issues in Kazakhstan Local bond issues in Armenia International debt instruments

Treasury Instruments

Overview of treasury operations and asset and liability management

Information on the Bank’s participation in global financial markets, the Investment Declaration and the risk management policy.

Read overview

Transactions History

The Bank has a long and successful track record of raising debt in national and international capital markets. Operations are carried out in line with the Bank’s financial plans and liquidity management objectives.

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
31/03/2026	USD 181 million	Bonds, ISIN KZ2D00017415	31/03/2029	5.35%

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
09/07/2025	CNY 500 million	Bonds, ISIN KZ2D00014701	09/07/2030	SHIBOR + 1.79%
25/04/2025	AED 184.65 million	Bonds, ISIN KZX000004270	25/04/2028	6.50%
27/03/2025	KZT 50 billion	Bonds, ISIN KZ2D00013620	27/03/2028	BR* + 1%
25/02/2025	KZT 50 billion	Bonds, ISIN KZ2D00009222	25/02/2028	BR* + 1%

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
03/09/2024	KZT 50 billion	Bonds, ISIN KZ2D00011863	03/09/2027	14.3%
14/03/2024	USD 250 million	Bonds, Series 003Р-010, ISIN RU000A107W63	06/09/2027	—
14/03/2024	KZT 50 billion	Bonds, ISIN KZ2D00011038	14/09/2027	12.51%

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
28/12/2023	KZT 50 billion	Bonds, ISIN KZ2D00010766	27/06/2027	14.20%
20/12/2023	RUB 10 billion	Bonds, Series 003Р-009, ISIN RU000A107EA1	13/12/2028	RUONIA+1.70%
15/08/2023	USD 20 million	Bonds, ISIN AMEABRB21ER0	15/08/2026	6.00%
03/08/2023	KZT 25 billion	Bonds, ISIN KZ2D00009958	20/04/2028	15.50%
25/07/2023	USD 50 million	Bonds, ISIN KZX000001433	25/07/2030	6.30%
14/07/2023	RUB 6 billion	Bonds, Series 003Р-008, ISIN RU000A106JX4	07/07/2028	RUONIA+2%
27/04/2023	RUB 15 billion	Bonds, Series 003Р-007, ISIN RU000A1064L3	20/04/2028	RUONIA+2%
20/03/2023	USD 90 million	Bonds, ISIN KZ2D00009628	20/03/2026	5.72%
17/02/2023	RUB 8 billion	Bonds, Series 003Р-006, ISIN RU000A105V90	13/02/2026	10.35%

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
07/12/2022	RUB 5 billion	Bonds, Series 003Р-005, ISIN RU000A105KW6	03/12/2025	9.70%
11/11/2022	CNY 1.9 billion	Bonds, Series 003Р-004, ISIN RU000A105EV1	07/11/2025	3.50%
19/09/2022	USD 700 million	Bonds, Series 003Р-003, ISIN RU000A1057B8	14/09/2026	3.75%
23/08/2022	RUB 43 billion	Bonds, Series 003Р-002, ISIN RU000A1053V5	21/02/2023	8.60%
19/08/2022	KZT 36 billion	Bonds, ISIN KZ2D00008828	19/08/2024	15.00%
02/08/2022	RUB 10 billion	Bonds, Series 003Р-001, ISIN RU000A1050H0	29/07/2025	9.35%
01/06/2022	RUB 7 billion	Bonds, Series 001Р-08, ISIN RU000A104TQ2	27/11/2024	11.50%

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
20/12/2021	USD 100 million	Bonds, ISIN KZX000001003	20/12/2023	1.50%
02/12/2021	RUB 1.282 billion	Bilateral credit	30/06/2035	—
05/11/2021	KZT 20 billion	Social bonds, ISIN KZ2D00008174	05/11/2024	10.60%
04/11/2021	KZT 20 billion	Green bonds ISIN KZ2D00008083	21/09/2024	10.5%
08/07/2021	KZT 21.5 billion	Eurobonds ISIN Reg S: XS2361431476	08/07/2024	10.00%
17/03/2021	EUR 300 million	Eurobonds ISIN Reg S: XS2315951041	17/03/2026	1.00%
15/02/2021	EUR 101.2 million	Bilateral loan (tied financing)	30/03/2029	—

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
10/12/2020	CNY 1.5 billion	Bilateral loan	19/09/2025	—
28/08/2020	KZT 40 billion	Domestic bonds ISIN KZ2D00006939	28/08/2022	11.00%
25/06/2020	EUR 107.4 million	Bilateral loan (tied financing)	15/07/2029	—
28/05/2020	RUB 10 billion	Domestic bonds ISIN RU000A101PK9	23/05/2024	5.90%
21/04/2020	RUB 5 billion	Domestic bonds ISIN RU000A101L54	18/04/2023	7.6%

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
13/12/2019	RUB 8 billion	Domestic bonds ISIN RU000A101574	09/06/2023	6.80%
12/12/2019	USD 201 million	Eurobond secondary placement ISIN XS0831571434	20/09/2022	—
10/12/2019	EUR 100 million	Bilateral loan	10/12/2021	—
04/12/2019	USD 300 million	Credit line	15/09/2031	—
16/07/2019	RUB 5 billion	Domestic bonds ISIN RU000A100JC1	10/01/2023	8%
04/07/2019	KZT 51 billion	Bilateral loan	04/07/2029	—
27/05/2019	KZT 10 billion	Domestic bonds: KZ2C00004745	27/05/2024	9.50%
27/05/2019	KZT 20 billion	Domestic bonds: KZ2C00004711	27/05/2024	9.50%
27/05/2019	KZT 20 billion	Domestic bonds: KZ2D00003241	27/05/2024	9.50%
12/03/2019	RUB 5 billion	Domestic bonds: ISIN RU000A1004X4	09/03/2021	8.60%
22/02/2019	KZT 20 billion	Domestic bonds: KZP05Y03E380	22/02/2022	9.7%
07/02/2019	EUR 50 million	Bilateral loan	07/02/2022	—

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
09/11/2018	RUB 5 billion	Domestic bonds: ISIN RU000A0ZZRR6	07/05/2021	8.90%
06/11/2018	KZT 20 billion	Domestic bonds: KZP03Y04E904	06/11/2022	9.70%
11/10/2018	KZT 20 billion	Domestic bonds: KZP06Y05E904	11/10/2023	9.50%
24/07/2018	RUB 10 billion	Domestic bonds: ISIN RU000A0ZZDB0	11/07/2028	7.60%
12/06/2018	KZT 10 billion	Domestic bonds: KZP07Y03E907	12/06/2021	9.10%
12/06/2018	KZT 20 billion	Domestic bonds: KZP02Y03E908	12/06/2021	9.10%
12/06/2018	KZT 20 billion	Domestic bonds: KZP01Y03E900	12/06/2021	9.10%
02/02/2018	RUB 5 billion	Domestic bonds: ISIN RU000A0JS934	24/01/2025	7.75%

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
10/10/2017	KZT 20 billion	Domestic bonds: KZP10Y03E901	10/10/2020	9.4%
15/08/2017	USD 50 million	Credit line	30/09/2029	—
24/05/2017	KZT 15 billion	Domestic bonds: KZP04Y03E904	24/05/2020	10.1%

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
19/01/2016	RUB 5 billion	Domestic bonds: ISIN RU000A0JS926	01/10/2023	12.25%

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
18/09/2014	KZT 20 billion	Domestic bonds: KZP04Y05E388	18/09/2019	7.20%
18/08/2014	KZT 20 billion	Domestic bonds: KZP03Y05E380	18/08/2019	7.20%
02/06/2014	RUB 5 billion	Domestic bonds: ISIN RU000A0JS918	24/05/2021	9.65%

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
01/12/2013	USD 260 million	Euro Commercial Papers ECP		—
16/10/2013	RUB 5 billion	Domestic bonds: ISIN RU000A0JS900	23/09/2020	7.65%
03/10/2013	KZT 16.6 billion	Domestic bonds (tap): KZP02Y05E382	25/04/2018	6.0%
02/10/2013	RUB 5 billion	Domestic bonds: ISIN RU000A0JS8Z8	23/09/2020	7.85%
02/10/2013	RUB 5 billion	Domestic bonds: ISIN RU000A0JS8Y3	23/09/2020	7.85%
26/09/2013	USD 500 million	Eurobonds: ISIN Reg S:XS0972645122 ISIN 144A: US29843YAC93	26/09/2020	5.0%
28/08/2013	RUB 1.6 billion	Bilateral loan	01/01/2016	—
24/07/2013	RUB 5 billion	Domestic bonds: ISIN RU000A0JS8X3	15/07/2020	7.7%
25/04/2013	KZT 15 billion	Domestic bonds: KZP02Y05E382	25/04/2018	6.0%

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
28/12/2012	KZT 9.9 billion	Domestic bonds: KZP01Y05E384	28/12/2017	6.25%
20/12/2012	USD 40 million	Bilateral loan		—
01/12/2012	USD 160 million	Euro Commercial Papers ECP		—
05/10/2012	RUB 5 billion	Eurobonds: ISIN Reg S: XS0837020014	05/10/2017	8.0%
20/09/2012	USD 500 million	Eurobonds: ISIN Reg S: XS0831571434 ISIN 144A: US29843YAB11	20/09/2022	4.767%
01/03/2012	RUB 5 billion	Domestic bonds ISIN RU000A0JR043	21/02/2019	8.5%
06/02/2012	RUB 5 billion	Domestic bonds ISIN RU000A0JR050	28/01/2019	8.5%

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
22/11/2011	USD 50 million	Bilateral loan		—
15/02/2011	RUB 5 billion	Domestic bonds ISIN RU000A0JR0Q5	06/02/2018	7.5%
11/02/2011	USD 30 million	Bilateral loan		—

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
17/11/2009	USD 22 million	Bilateral loan	01/03/2021	—
03/11/2009	RUB 5 billion	Domestic bonds RU000A0JQH85	25/10/2016	7.7%
29/09/2009	USD 500 million	Eurobonds: ISIN Reg S: XS0454897363/ ISIN 144A: US29843YAA38	29/09/2014	7.375%
28/04/2009	KZT 20 billion	Eurobonds ISIN: XS0426508627	28/04/2014	8.0%
23/04/2009	USD 25 million	Bilateral loan		—

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
01/08/2008	USD 300 million	Syndicated loan		—
27/06/2008	USD 50 million	Bilateral loan		—

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
14/12/2007	USD 400 million	Syndicated loan		—

Issue date	Amount	Instrument	Maturity	Coupon rate (% p.a.)
18/12/2006	USD 150 million	Syndicated loan		—

Credit Ratings

ACRA

Issuer credit rating on the global scale: A-. National scale: AAA (RU). Outlook: stable.

ACRA rating decision of 13 March 2026 PDF, 236.54 KB

ACRA rating decision of 12 September 2025 PDF, 193.80 KB

ACRA rating decision of 4 April 2025 PDF, 150.50 KB

ACRA rating decision of 16 October 2024 PDF, 262.10 KB

ACRA rating decision of 27 April 2024 PDF, 94.00 KB

ACRA rating decision of 9 November 2023 PDF, 210.00 KB

CCXI

Issuer credit rating on the global scale: Ag. National scale: AAA. Outlook: stable.

CCXI rating action of 5 September 2025 PDF, 183.00 KB

CCXI rating action of 5 September 2024 PDF, 139.00 KB

CCXI rating action of 28 December 2023 PDF, 226.00 KB