Fitch confirmed ratings of eurasian development bank: long-term idr at ‘BBB+’, forecast ‘Stable’

26.09.2013 14:05
Fitch confirmed ratings of eurasian development bank: long-term idr at ‘BBB+’, forecast ‘Stable’

YEREVAN, September 26. /ARKA/. Fitch Ratings agency confirmed the high ratings of the Eurasian Development Bank: long-term IDR at ‘BBB+’, forecast ‘stable’, and short-term IDR at ‘F2’, the agency reported.

The Eurasian Development Bank was established by Russia and Kazakhstan in January 2006 for supporting market economy in member-states. Charter capital of the bank exceeds $1.5 billion. Member-states of the bank are Russian Federation, Kazakhstan, Armenia, Tajikistan, Belarus and Kyrgyzstan.

According to the report, on September 19 2013 the bank was placing seven-year Eurobonds worth a total of 500 million dollars, with initial yield of 337.5-350 basic points against market average swaps.–0—


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