CJSC Bank of Asia carried out the second successful issue of social bonds in the amount of 100 million soms. A significant part of the issue, namely 80% of the total amount, was acquired by JSC State Development Bank of the Kyrgyz Republic, becoming the main buyer of bonds.

Thus, in accordance with the agreements, the State Development Bank of the Kyrgyz Republic purchased bonds in the amount of 80 million soms. At the same time, it is important to emphasize that the second issue of social bonds of Bank of Asia CJSC is aimed at supporting small and medium-sized businesses, women entrepreneurs and improving the well-being of entrepreneurs.

Chairman of the Board of the State Development Bank of the Kyrgyz Republic Meder Temirbekov noted that the financial institution intends to stimulate the development of the securities market by providing financial institutions with access to inexpensive resources to further provide loans to end borrowers at below-market interest rates.

“The State Development Bank of the Kyrgyz Republic is confident that investing in social bonds of Bank of Asia CJSC not only contributes to the achievement of our strategic goals, but also makes an important contribution to the well-being of our citizens and the sustainable development of the country. We invite banks and enterprises to further cooperation, and we are also confident in the successful future of our joint projects,” he concluded.

It should be noted that the agreement between the Bank of Asia CJSC and the State Development Bank of the Kyrgyz Republic was implemented within the framework of the program “Targeted financing through the Kyrgyz Stock Exchange”. In turn, the President of the CFB Medet Nazaraliev noted that such joint projects contribute to a significant increase in the potential for the development of the capital market and attract financing in socially significant areas.

“For the first time, a large institutional investor appeared in Kyrgyzstan in the person of the State Development Bank of the Kyrgyz Republic. All over the world, stock markets have developed precisely thanks to such national investors. This event will facilitate the entry of more companies into the stock markets,” Nazaraliev stressed.