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    The Ministry of Finance had to increase borrowing through GKOs in August

    Published

    08/20/2025, 12:19

    The Ministry of Finance had to increase borrowing through GKOs in August

    Bishkek, 20 August 2025 — The Ministry of Finance of Kyrgyzstan has announced further changes to the preliminary volumes of government treasury bonds (GKOs) to be issued in August, according to the National Bank. 

    According to the latest decision, bonds worth KGS 7.5 billion will be put up for auction on 22 August: KGS 4.3 billion with a maturity of 7 years at a rate of 7% and KGS 3.2 billion with a maturity of 5 years at a rate of 6%.

    This is not the first change in plans this month. Initially, on 29 July, the Ministry of Finance announced its intention to raise 8.1 billion KGS through GKOs in August. However, the forecast was repeatedly revised: on 5 August, the amount was increased to 11.1 billion KGS, on 14 August it was reduced to 3.85 billion KGS, and according to the latest announcement, it was set at 7.5 billion KGS.

    Thus, in August, the state had to borrow more than originally planned.

     

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