Kyrgyzstan for the first time placed government treasury bonds simultaneously in two national currencies on the markets of the Kyrgyz Republic and Russia. The Ministry of Finance reported.
The ministry recalled that issues of state treasury bonds worth 1 billion soms and 1 billion rubles were placed on December 22. Both issues took place on the domestic financial market under the law of the Kyrgyz Republic.
The primary supply of securities was presented at an auction on the Kyrgyz Stock Exchange with the storage of a global certificate in the central depository of the Kyrgyz Republic, and the secondary supply was presented on the Russian market thanks to the existing depository bridge.
As a result of the auction, issues for a period of two years were placed in the amount of 518.7 million soms with a coupon rate of 15.5 percent and 341.9 million rubles with a coupon rate of 14.5 percent. At the same time, the amount of investments from Russian investors reached 311,880 million rubles and 182,120 million soms. Kyrgyz investors bought state bonds in soms for 336,575 million soms and in rubles for 30 million.
«The placement of the ruble tranche took place 1.5 percent below the new level of the key rate of the Central Bank of the Russian Federation (16 percent). Despite the unexpected increase in the Bank of Russia’s key rate to 16 percent, the placement structure made it possible to attract the investor base of the two countries in both issues. More than 1,000 retail investors, as well as institutional ones (mainly banks), took part on the Russian side. Banks, insurance and investment companies, non-state pension funds and others took part on the Kyrgyz side,» the Ministry of Finance said.
