Published
07/08/2026, 18:00The Azerbaijan-Kyrgyz Development Fund (AKDF) has announced a new auction to place temporarily available funds in deposits at commercial banks in Kyrgyzstan. The auction will take place on July 13, and the total amount to be placed will be $7 million.
The funds are planned to be allocated across four lots:
| Lot | Amount | Term | Starting Rate |
|---|---|---|---|
| №1 | $1 million | 6 months | 3.5% per annum |
| №2 | $1 million | 7 months | 4% per annum |
| №3 | $2 million | 9 months | 4.5% per annum |
| №4 | $3 million | 12 months | 5% per annum |
This is not the Fund’s first attempt to place its available funds through a deposit auction. In February, the AKDF also entered the market with an offer to place 150 million KGS and $3 million, but the auction was declared void.
The official results of that auction were never published. According to sources at “Akchabar”, the auction was canceled due to an insufficient number of participants. Under the auction rules, an auction may be declared invalid if fewer than three bidders participate or if the submitted bids do not meet the established conditions.
This time, the Fund opted not to place funds in KGS and focused exclusively on dollar-denominated deposits. The new auction will reveal whether the AKDF has succeeded in increasing commercial banks’ interest in its deposit offerings following an unsuccessful attempt earlier this year.
It should be noted that deposit auctions to place temporarily available funds were previously also held by the Ministry of Finance, the Russian-Kyrgyz Development Fund, and the State Financial Holding.
