The State Development Bank of Kyrgyzstan has discussed issuing bonds denominated in yuan on the international market

The State Development Bank of the Kyrgyz Republic is considering the possibility of issuing bonds denominated in Chinese yuan to attract foreign investment. The bank has already discussed the terms of a potential issue with representatives of a Hong Kong-based company.

The parties examined the mechanism for organising the securities issue, the conditions for entering international financial markets and the possibilities for attracting foreign investors.

The bank noted that issuing bonds in yuan would enable it to diversify its sources of funding and expand access to international capital. Further steps regarding the project will be worked out taking into account the requirements of global financial markets.

The press release does not specify the exact timing or the size of the potential issue.