Moody's rates Eurasian bank notes Baa1

Moody's Investors Service said it rated Eurasian Development Bank’s five-year senior unsecured, euro-denominated notes Baa1. The notes will be sold under its $3.5 billion euro medium-term note program.

The notes rank pari passu with other senior unsecured debt issued by EDB, which are also rated Baa1.

EDB plans to use the proceeds to finance its lending activities and for general corporate purposes.

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