Moody’s: Eurasian Development Bank

Moody's Investors Service said it assigned a provisional Baa1 rating to the forthcoming senior unsecured Kazakhstani tenge-denominated notes offering of the Eurasian Development Bank (EDB).

The senior unsecured notes will rank pari passu with other unsecured debt issued by EDB.

The provisional Baa1 rating mirrors EDB's Baa1 issuer rating.

EDB intends to use the proceeds to finance the expansion of its lending and investment activities.

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