Teniz Capital Investment Banking and Neftan Limited Held Negotiations in El Salvador on Launching a Joint Financial Mechanism for a Social Housing Program

Representatives of JSC Teniz Capital Investment Banking, together with Neftan Limited (London), visited the Republic of El Salvador to hold negotiations on establishing a government-guaranteed financing structure within the national social housing construction program.

During the visit, the delegation held meetings with key representatives of the Government of El Salvador, including President of the Legislative Assembly Ernesto Castro Aldana, Minister of Housing Michelle Sol, and Acting Minister of Finance Jerson Posada.

The central topic of discussion was the creation of an effective financial structure to support the implementation of a state project for the construction of approximately 4,000 housing units for socially vulnerable citizens.

The preliminary transaction model envisages the launch of a credit line in the form of note issuance, which ensures transparency of the structure, flexible terms, and the attractiveness of the instrument for international investors.

As part of the trip, meetings were also held with potential developers who expressed interest in participating in the project.

“We see significant potential in cooperating with the Government of El Salvador. Using market-based capital-raising instruments backed by state guarantees will accelerate the implementation of the social housing program and set a new benchmark for similar projects in Latin America,” noted Anzor Botashev, Chairman of the Management Board of JSC Teniz Capital Investment Banking.

It is worth noting that Teniz Capital Investment Banking has international experience working with financial institutions, including cooperation with the Black Sea Trade and Development Bank (BSTDB). In 2024, the company acted as an underwriter for the BSTDB bond issuance on the Astana International Exchange (AIX) totaling USD 100 million — one of the first placements by an international financial institution without physical presence in the Republic, which attracted capital through the Kazakhstani platform. In 2025, Teniz Capital Investment Banking is negotiating the second stage of BSTDB bond placement.

Such projects have become exemplary for the development of cross-border transactions and have demonstrated the investment bank’s expertise in structuring international debt instruments.

The negotiations in El Salvador were an important step toward expanding the international presence of Teniz Capital Investment Banking and strengthening the ties between Kazakhstan’s capital markets and the countries of Latin America.