Published
06/24/2026, 10:16The Ministry of Finance of Kyrgyzstan will hold another auction today, June 24, on the Kyrgyz Stock Exchange to place two-year government treasury bonds.
Kyrgyz citizens will be offered securities worth 100 million KGS with a fixed yield of 17% per annum; the issue date is set for June 25. This issue is likely part of a previously announced pilot project to place government bonds among the general public totaling 500 million KGS, which is being implemented in phases.
It is worth noting that this is the first time the government has specifically issued debt instruments to encourage citizens to invest. These bonds are available exclusively to individuals and are distributed, among other channels, through the MegaPay mobile app.
The yield on these “people’s” bonds is set above market rates. By comparison, similar two-year government securities placed with institutional investors as part of domestic debt issuance have a yield of about 13% per annum with a coupon rate of 5%.
The high rate of 17% per annum is intended to stimulate public interest in investing and increase citizens’ financial engagement.
Interest in the instrument has already emerged. On the first day of trading, bonds worth 2.2 million KGS were sold to 69 individuals. To reduce concentration, a limit has been set of no more than 10 million KGS per buyer.
Today, the government is not only raising funds in the domestic market but also cultivating a new segment of retail investors by offering them one of the most profitable and reliable investment instruments denominated in the national currency.
