Astana International Exchange (AIX) announced on Dec. 20 the successful issuance of debut green bonds by PlanDem LLC, marking a significant milestone as the first issuer from the Kyrgyz Republic to embrace sustainable finance and renewable energy investments in the region, reported the AIX’s press service.
Under the registered Green Wholesale Bond Programme, PlanDem can issue bonds in various currencies and maturities. Operating under Kyrgyz law, the company is developing solar and wind power projects in multiple jurisdictions, including Kazakhstan, Sri Lanka, Serbia, South Africa, and others.
Currently advancing over 1.6 gigawatts of renewable energy initiatives, PlanDem focuses on reducing carbon emissions and promoting clean energy transitions in emerging markets.
“This landmark issuance underscores AIX’s commitment to fostering innovative financial instruments that support global sustainability goals. By hosting the issuance of green bonds for the first issuer from Kyrgyzstan, AIX continues to position itself as a hub for financing transformative projects that contribute to the global energy transition,” said Birzhan Astayev, the chief markets and products officer at AIX.