The Ministry of Finance of Kyrgyzstan plans to place a debut issue of bonds in Russian rubles worth 1 billion rubles on the Kyrgyz Stock Exchange on December 15. The head of the ministry, Almaz Baketaev, told reporters.
According to him, the bonds will have a circulation period of two years and a coupon rate of 14.5 percent per annum.
«We have a cooperation agreement with Gazprombank. One of the points concerns the placement of bonds. We held a meeting with 40 Russian investors on planned bond issues on December 5 in Moscow. We will conduct the placement through the Kyrgyz Stock Exchange in order to pump it up. The issue of bonds in rubles can create a precedent for placing government bonds on the Kyrgyz Stock Exchange in different currencies to diversify sources of financing and expand the circle of investors,» Almaz Baketaev said.
The Ministry of Finance of the country began placing government securities on the Kyrgyz Stock Exchange in May 2023.
