The AIFC Green Finance Centre (AIFC GFC) and Halyk Finance signed a Memorandum of Understanding (MoU) on cooperation in the field of sustainable and green financing, in particular in issuing green and social bonds.
In line with agreements reached, the parties will interact to promote and develop green and social bond markets, in particular, to support the registration of the issue, listing and placement of green and social bonds on the Astana International Exchange (AIX).
Halyk Finance is a leading securities broker-dealer and investment portfolio management company in Kazakhstan and Central Asia with aggressive plans for further expansion in the region through sales and trading, securities underwriting, brokerage, asset management, advisory services and research.
Talgat Ayupov, Chairman of the Board of Halyk Finance, said: “In Kazakhstan, green bond placements are just beginning to emerge, therefore, the growth of the green bond market requires the joint work of AIFC GFC, AIX and investment banks. We consider with great enthusiasm the proposed initiative, which opens up new opportunities and new experience for us as a leading investment bank in Kazakhstan, as the global green bond market is becoming more popular and in demand among issuers and investors. Within the framework of the signed memorandum, Halyk Finance hopes for fruitful cooperation with AIFC GFC in terms of active development of green finance”.
AIFC has been working on the development of green finance and green bond market in Kazakhstan and in the region by creating a regulatory framework and introducing legislative standards for the formation of a green financial system of Kazakhstan, providing consulting support for green bond issuers on AIX platform, conducting research in the field of green finance, raising awareness and building capacity among business circles through trainings and a new platform - the annual Green Growth Forum.
Aidar Kazybayev, CEO of AIFC GFC, said: “AIFC GFC is pleased to strengthen its partnership with one of the leading players in the investment market in the country - Halyk Finance. Such cooperation will allow us to minimize transaction costs associated with the placement of green and social bonds on the AIX, thereby giving an additional incentive for our clients to attract financing through sustainable investment mechanisms”.
Reference:
The Astana International Financial Centre was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. The Centre’s development strategy until 2025 was approved by the Management council of the AIFC during the council’s meeting on July 2, 2020. In accordance with the strategy, the vision of AIFC is in becoming the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe. The mission of the AIFC is in assisting the sustainable and long term development of the region. As the head of state Tokayev noted, “AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region.” The strategic directions for the sustainable development of the AIFC include the development of a circular economy, financial technologies, and “digital financial centre.” https://aifc.kz/
AIFC GFC is AIFC’s organisation responsible for introduction of green finance instruments in Kazakhstan and Central Asia, promoting Astana International Financial Centre as a green finance hub and attracting green investments into Kazakhstan. For more information, please visit: https://gfc.aifc.kz/
Halyk Finance is a leading investment bank in Kazakhstan, providing a full range of investment banking services, including financial consulting and underwriting (organization of issues and initial offerings of securities of corporate issuers), corporate finance services (including consulting services for the acquisition / sale of shares and participation interests of companies and corporate debt restructuring), brokerage and securities trading, market maker services, investment portfolio management, and regular analytical services. For more information about Halyk Finance, please visit https://halykfinance.kz/
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