Eurasian Development Bank announces intention to become RUB market-maker on KASE

/KASE, December 15, 2016/ – Eurasian Development Bank, whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote Eurasian Development Bank (EDB) intends to acquire a status of a market- maker for RUBKZT pair on the FX market. EDB has made its decision to obtain this status in order to support the integration of FX markets of member countries of the Bank. Previously, EDB was granted a status of a market for RUBKZT pair on the Moscow Stock Exchange. "We are ready to provide the competitive quotes for RUBKZT pair on both platforms and we hope that this step will increase the liquidity of the instrument to ultimately boost the settlements in national currencies in case of foreign trade operations between Russia and Kazakhstan," the Managing Director for assets and liabilities of EDB Dmitry Ladikov-Royev commented on the agreement. Currently, EDB considers providing liquidity in tenge and Russian rubles on other EEU platforms. EDB Press Center Contacts: +7 (727) 244 05 45 ext. 6147 (Almaty) +7 (495) 645 04 45 ext. 2724 (Moscow) e-mail: pressa@eabr.org pressa@eabr.org unquote [2016-12-15]