BHM Capital Financial Services PSC, a prominent player in the UAE's financial markets, has been appointed as the lead manager for the Eurasian Development Bank's (EDB) upcoming UAE Dirham-denominated bond issuance. This bond will be listed on the Abu Dhabi Securities Exchange (ADX), a move that underscores the UAE's growing influence in the global debt capital markets.

The appointment was formalized with a mandate letter signed in the presence of key stakeholders, including Mr. Daniyar Imangaliyev, Deputy Chairman of the Eurasian Development Bank, and Mr. Hatim Al Atabani, CEO Business & Front Office at BHM Capital. This collaboration marks a pivotal moment in expanding local-currency funding options for both regional and international issuers.

The issuance will provide investors with high-quality exposure to EDB, a leading multilateral development bank, through a Dirham-denominated instrument listed on a regulated exchange. The proceeds from this issuance will finance high-impact investment projects across EDB's member states in Central Asia, furthering economic development in the region.

Mr. Hatim Al Atabani expressed his enthusiasm about the appointment, highlighting BHM Capital's strong capabilities in structuring, managing, and distributing fixed-income instruments. He emphasized the company's commitment to supporting the development of the UAE's capital markets.

Mr. Daniyar Imangaliyev also praised BHM Capital's expertise in local capital markets and its comprehensive understanding of the regulatory environment. This partnership is expected to lay a solid foundation for the successful execution of the planned transaction.

Given BHM Capital's established track record and the strategic importance of this issuance, investors might consider a 'buy' stance on this instrument. The company's continued innovation and commitment to client care make it a promising entity in the financial sector.