/KASE, January 27, 2023/ – Kazakhstan Stock Exchange (KASE) notifies of
extending the first competition of the Green Bonds Framework Program for
companies and municipalities until January 31, 2023. The competition is
organized by the International Finance Corporation (IFC), operating as part of
the World Bank group, by the Agency of the Republic of Kazakhstan for
Regulation and Development of the Financial Market and KASE.
The Green Bonds Program provides for two finalists considering obtaining
funding through the issuance of "green" bonds:
- advisory support for the preparation of a "green" bonds issuance;
- assistance in the preparation of an independent opinion on the "green"
bonds issuance's compliance with international principles (Second Party
Opinion).
In order to participate in the competition it is necessary to submit an
application from January 10 to January 31, 2023, by filling out the form –
https://docs.google.com/forms/d/e/1FAIpQLSfbi9af98z_b2FUCwVukSDyN8nTG9
pR3MNdAtv0eZBIkHwEpA/viewform?usp=pp_url
"Green" bonds are becoming an increasingly popular source of financing for
businesses and public sector organizations. Also, the use of funds through the
issuance of "green" bonds supports the implementation of sustainable
development goals in the framework of environmental, social, and corporate
governance (ESG) and the transformation of the economy toward reducing
emissions.
KASE provides the necessary infrastructure for the potential issuers of green
and other ESG bonds:
1) Existence of expertise in the listing of green, gender, social and other
bonds that comply with the principles of sustainable development;
2) No additional listing requirements;
3) A wide range of organizations that conducts an independent evaluation of
projects;
4) Reduced listing fees for ESG bonds.
As part of the Green Bond Program, the IFC is offering the following free
services to two companies and municipalities:
- building a portfolio of projects that can be financed or refinanced with funds
raised through "green" bonds;
- conducting individual training for the Company's ESG team;
- assistance in obtaining an independent external evaluation (Second party
opinion);
- assistance in the preparation of relevant non-financial reporting.
[2023-01-27]