The government of Kyrgyzstan is considering an issuance of dollar Eurobonds as soon as next year, pending an improvement in the country’s credit rating. Bloomber reports, citing Arzubek Zhumaev, head of the Finance Ministry’s public debt department.
The placement may take place «at the end of 2025 or at the beginning of 2026,» the Finance Ministry representative explained. The size of the issuance and the appointment of banks for the transaction will be decided next year, he said.
In May, Moody’s Ratings affirmed Kyrgyzstan’s foreign issuer rating at B3, six levels below investment grade, with a change in the outlook to stable from negative. Kyrgyzstan expects improvement of its credit rating in early 2025.
