BISHKEK, May 28 (Xinhua) -- Kyrgyzstan has successfully completed its debut placement of sovereign Eurobonds on international financial markets in the amount of 700 million US dollars at 7.75 percent for a period of 5 years, the Kyrgyz Finance Ministry's press service said on Wednesday.
Demand peaked at more than 2.1 billion US dollars. The final offering was three times oversubscribed.
More than 100 international investors from the US, Europe, Asia and other countries took part in the placement, the report said.
Kyrgyzstan considers the successful entry into the Eurobond market as an important step in strengthening the country's investment image, attracting long-term resources for the development of infrastructure, energy and increasing the sustainability of public finances, it said.
The Finance Ministry said that the strong investor interest in Kyrgyzstan's bonds is a sign of growing confidence in the country's macroeconomic policy, the strength of its financial system and efforts by the president and government to ensure transparency and fiscal discipline and deepen international financial integration. ■
