The first trading in government securities on the Kyrgyz Stock Exchange is scheduled for May 25-26, 2023. The Ministry of Finance reported.
These will be government treasury bills with a maturity of 12 months and two-year government treasury bonds. The auction will take place as part of a pilot project of the Ministry of Finance to bring government securities to the stock exchange’s trading floor. This means that every citizen of Kyrgyzstan can become potential owner of the government securities.
Deputy Minister of Finance of the Kyrgyz Republic Ruslan Tatikov held a working meeting with representatives of the Deposit Protection Agency of the Kyrgyz Republic, the State Accumulative Pension Fund under the Social Fund of the Kyrgyz Republic, the banking sector, the Kyrgyz Stock Exchange and the Central Depository. Participants of the meeting also discussed issues on the placement of government treasury bills on the floor of the Kyrgyz Stock Exchange.
«One of the priority tasks of the Cabinet of Ministers is the development of the domestic stock market. Foreign countries, including the countries of Central Asia, except for Tajikistan and Kyrgyzstan, actively participate in trading in government securities,» Ruslan Tatikov said.
Government securities are issued by the Ministry of Finance on behalf of the Cabinet. Depending on the term of circulation, they are divided into short-term — government treasury bills and long-term — government treasury bonds.
