Kyrgyzstan’s Eldik Bank celebrates successful debut Eurobond on the London Stock Exchange
Eldik Bank is the largest financial institution in Kyrgyzstan and plays a central role in supporting economic growth, financial inclusion and the development of the country’s banking sector. As a 100% state-owned institution with a strong nationwide footprint, the Bank serves over 1.4 million customers and continues to invest in digital innovation and infrastructure to broaden access to financial services.
The market open celebrates Eldik Bank’s successful debut USD 500 million 8.5% five-year Reg S/144A Eurobond issuance. The transaction represents the first-ever corporate international bond issuance from the Kyrgyz Republic, highlighting the continued evolution of the country’s capital markets and growing investor confidence in its economic outlook.
The offering attracted strong demand from global institutional investors across the UK, US and EU. The notes are listed on London Stock Exchange’s International Securities Market, providing Eldik Bank with access to a deep and diverse international investor base.
Proceeds from the issuance will support the Bank’s strategic priorities, including expanding lending to key sectors such as infrastructure, energy and small and medium-sized enterprises, as well as further strengthening its digital banking capabilities.
“This is a proud moment for Eldik Bank and for Kyrgyzstan. This transaction demonstrates the strength of our institution and the confidence international investors have in our strategy and the future of our economy. We look forward to building on this milestone as we continue to support sustainable growth.”
Ulanbek Nogaev
Chief Executive Officer of Eldik Bank
The transaction was led by Citi and Oppenheimer as Joint Lead Managers and Joint Bookrunners.
