The Ministry of Finance was unable to place three-year bonds due to a lack of demand

The auction for the placement of three-year government treasury bonds, scheduled for April 3, was declared a failure due to an insufficient number of participants.

The issue in question is for 450 million KGS with a coupon rate of 5% per annum. The placement was scheduled to take place on April 6, with the bonds maturing in 2029.

The lack of demand for government securities suggests that the market has, in fact, shown no interest in the proposed terms. This may indicate that the terms of the issue are not sufficiently attractive.

At the same time, in April, the Ministry of Finance planned to raise 3.6 billion KGS for the treasury through government securities on the National Bank of Kyrgyzstan’s platform. The schedule includes both 3-year securities at 5% and longer-term 7-year bonds with a yield of 7% per annum.