Eurasian Development Bank Announces Intention To Become RUB Market-maker On KASE
Eurasian Development Bank, whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:
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
Currently, EDB considers providing liquidity in tenge and Russian rubles on
other EEU platforms.