Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BISHKEK, May 28 (Xinhua) — Kyrgyzstan has successfully completed its debut placement of sovereign Eurobonds on international financial markets in the amount of 700 million US dollars at a coupon rate of 7.75 percent for a period of 5 years, the press service of the Ministry of Finance of Kyrgyzstan reported on Wednesday.
As noted by the department, the total demand from investors at the peak amounted to over $2.1 billion, which ensured an oversubscription rate three times greater than the final volume of the deal. More than 100 international investors from the US, Europe and Asia took part in the placement process.
“Kyrgyzstan views the successful entry into the Eurobond market as an important step in strengthening the country’s investment image, attracting long-term resources for the development of infrastructure and energy, and increasing the sustainability of public finances,” the Kyrgyz Ministry of Finance said in a statement. –0–