Eurasian Development Bank solicits consents for 4.767% notes

Chicago, Aug. 30 – Kazakhstan’s Eurasian Development Bank is soliciting consents for its $340,343,000 outstanding 4.767% loan participation notes due 2022 (Cusip: 29843YAB1), according to a press release.

The original size of the series 3 notes was $500 million.

The bank wishes to replace the trustee.

Additionally, the consent solicitation would allow noteholders to enter into direct redemption and settlement arrangements with the issuer.

The rationale for the solicitation is that it would afford a greater flexibility in the face of an uncertain regulatory and sanctions environment.

For the extraordinary resolution to be passed, noteholders representing at least 75% of the notes must be represented at a meeting.

The consent solicitation started on Aug. 25.

The record date to vote is Sept. 8.

The voting deadline is 4 a.m. ET on Sept. 14.

The meeting will be held at 4 a.m. ET on Sept. 16.

I2 Capital Markets Ltd. is the solicitation, information and tabulation agent (+44 20 3633 1212, edb@i2capmark.com, https://www.i2capmark.com/event-details/ 74/Holder/eurasian-development-bank).

The bank is based in Almaty, Kazakhstan.

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