Bishkek, April 28, 2026. /Kabar/. Eldik Bank OJSC successfully placed its debut Eurobond issue on international capital markets in the amount of $500 million. This is historic event for the first time in Kyrgyzstan, a domestic financial institution attracted large-scale financing on the global capital market, opening a new chapter in the development of the national economy.
The final terms of the transaction were determined following a market bookbuilding process. The bonds were placed under Reg S/Rule 144A and listed on the London Stock Exchange (International Securities Market).
The issue's credit ratings are consistent with the sovereign ratings of the Kyrgyz Republic: S&P Global Ratings - B+ (Stable), Fitch Ratings - B (Stable). Citigroup and Oppenheimer Europe Ltd. acted as joint lead managers and bookrunners.
The order book at its peak exceeded $1 billion, with over 80 international institutional investors participating, primarily from the UK, US, and continental Europe, including asset managers, hedge funds, banks, and private banks.
The transaction was completed amid heightened volatility in global capital markets and was one of the few transactions by issuers from emerging markets during this period, underscoring the high level of investor confidence and successful market positioning of Eldik Bank.
Eldik Bank has pioneered the Kyrgyz Republic's corporate issuers in international capital markets and intends to consolidate its role as a leader in the development of the country's capital market, creating conditions for systematically attracting long-term financing to the Kyrgyz economy.
It should be noted that the funds raised will be used to expand lending to key economic sectors, develop infrastructure and implement strategically important projects, support sustainable development and ESG initiatives, and finance green economy projects.
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