The National Bank will hold an auction to issue 10-year bonds worth 250 million KGS

The National Bank of Kyrgyzstan has announced that an auction will be held on 4 September to issue 10-year government treasury bonds.

The preliminary issue volume will be 250 million KGS. The coupon rate has been set at 8 per cent per annum. The bonds are scheduled to be issued on 7 September and will mature on the same date in 2036.

Coupon payments will be made twice a year — on 7 March and 7 September.

According to the Ministry of Finance’s schedule, six auctions are planned for September to place government bonds totalling 2.7 billion KGS. The first auction will take place on 4 September and will mark the start of the September placement schedule.