In August, the Kyrgyz Ministry of Finance will issue government bonds worth 14.2 billion KGS

The Kyrgyz Ministry of Finance plans to issue government treasury bonds totalling 14.2 billion KGS in August. Investors will be offered six issues with maturities ranging from three to ten years, according to the National Bank.

Almost half of the planned volume consists of seven-year bonds. The Ministry of Finance intends to issue these bonds to the value of 7 billion KGS with a coupon rate of 7 per cent per annum. The auction will take place on 31 July, and the issue will be made on 3 August.

On the same date, an issue of three-year bonds worth 2 billion KGS is scheduled. These carry the highest coupon rate of any of the August issues — 12.86 per cent.

In addition, the Ministry of Finance will offer the market ten-year bonds totalling 2.5 billion KGS at 8 per cent per annum. The first issue, worth 1.5 billion KGS, will take place on 10 August, and the second – worth 1 billion KGS – on 24 August.

A further 2.7 billion KGS is planned to be raised through five-year bonds with a coupon rate of 6 per cent. Issues worth 1.7 billion and 1 billion KGS are scheduled for 17 and 24 August respectively.

Consequently, the largest placement of the month will be the issue of seven-year treasury securities worth 7 billion KGS. This will account for 49.3 per cent of the total volume on offer.