GENDER BONDS
Bank Asia issues the first in the Kyrgyz Republic
Purchase gender bonds
Nominal value of bonds 1000 soms
How to purchase gender bonds?
As part of the targeted sustainable development and ESG (Environmental, Social, Governance) practices
Gender bonds are a financial instrument aimed at addressing social issues such as:
Due to frequent restrictions and inequality for women in entrepreneurship
Program goals
- Development of women entrepreneurs' businesses
- Creation of jobs for women
- Improvement of working conditions
- Provision of equal conditions and opportunities
- Enhancement of well-being and livelihoods
Placement parameters
82 000 pieces
1000 som
82 000 000 som
3 years
4 times a yea
12%
15%
Investor, holder of issued gender bonds
Coupon reward
Investments
Asia Bank issues gender bonds
Funds for MSMEs
Women entrepreneurs receive finances for implementing socially sustainable projects
Placement
Primary market
Sale of securities by the issuing company (through a broker) to investors during the primary placement (which lasts up to 12 months from the start date of placement).
Secondary market
The market where already issued bonds are traded. It begins after the completion of the primary placement. Essentially, it serves as a platform for the resale of bonds between investors.
ICMA Social Bond Principles
- The issuance of gender bonds must comply with the standards set by the International Capital Market Association (ICMA) Social Bond Principles.
- The principles include 4 main components for issuers. Verification for compliance is conducted by GFC (MFCA Astana)
Conditions for obtaining preferential credit
50% or more
Leader
Not less than 30%
Proceeds from the bonds will be directed to providing development loans for small and medium-sized businesses in the following sectors:
Production
Agriculture
Service provision