The Cabinet of Ministers has expanded the list of bond types that can be issued in Kyrgyzstan

The Cabinet of Ministers of Kyrgyzstan has approved new regulations governing the issuance and circulation of bonds. The relevant resolution, dated March 14 of this year, was signed by Cabinet Chairman Adylbek Kasymaliev.

One of the key innovations in the document is the expansion of the list of bond types that companies and other issuers may issue. The new rules provide for the issuance of fixed- and floating-rate securities, discount bonds, secured bonds, and bonds convertible into shares.

In addition, “green” and social bonds, intended to finance environmental, infrastructure, and socially significant projects, have been explicitly included in the regulatory framework for the first time.

The expansion of the range of debt instruments is viewed as a step toward developing the corporate bond market and reducing companies’ dependence on bank loans. The ability to flexibly structure borrowing terms will allow issuers to raise funds for longer maturities and for various investment projects.

The new regulation also establishes a unified procedure for the issuance, placement, circulation, and redemption of bonds, as well as strengthens requirements for disclosure and investor protection.

The resolution will take effect 15 days after its official publication.