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Practical Forum on Eurobond Issuance in Bishkek: The Council Strengthens Efforts to Support Kyrgyz Issuers’ Access to International Capital Markets

Tuesday, 02 December 2025 11:12

On 2 December, the Business Development and Investments Council under the Cabinet of Ministers of the Kyrgyz Republic, together with its partners, held the first specialised practical forum in Bishkek titled “Eurobond Issuance: From Theory to Practice.”
The event served as an important platform for discussing concrete steps to support Kyrgyz companies and financial institutions in entering international capital markets and shaping a full-fledged external borrowing framework for the Kyrgyz Republic.

The forum brought together representatives of government bodies, financial institutions, major national companies, and international advisers. Participants examined in detail the essential components of preparing for a Eurobond issuance, including internal corporate procedures, foreign regulatory requirements, engagement with rating agencies, disclosure standards, and modern approaches to risk management.

In his opening remarks, Uluk Kydyrbaev, Head of the Secretariat of the Council, noted:
“The Kyrgyz Republic has significant potential for corporate sector growth and attracting external capital. To unlock this potential, we must continue reforms, strengthen the role of the private sector, expand access to new financing instruments, and create an environment in which investors can operate with confidence.”

Developing the Eurobond market is viewed as a strategic priority for diversifying financing sources, supporting large-scale investment projects, and strengthening international investor confidence in the Kyrgyz Republic.

As a result of the discussions, participants formed a consolidated understanding of the next steps required both from potential issuers and from state institutions. The insights and recommendations generated during the forum will be used by the Council in improving the regulatory framework, advancing market infrastructure, and deepening cooperation with international financial institutions and investors.

The Council will continue to serve as a reliable institutional platform where international expertise aligns with the practical needs of domestic businesses and government stakeholders. Through strengthened dialogue and the development of modern capital-raising tools, the Council contributes to increasing investment inflows and creating conditions for accelerated socio-economic growth of the Kyrgyz Republic.