Kyrgyzstan Seeks To Finance Infrastructure Projects By Issuing Eurobonds
Date
1/13/2025 3:10:46 AM
(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, January 13. Kyrgyzstan
plans to issue eurobonds to finance infrastructure projects, said
Adylbek Kasymaliev, the Chairman of the Cabinet of Ministers of
Kyrgyzstan, during a meeting with Ernesto Torres Cantu, the Head of
the International Division of Citi Bank, Trend
reports via the Cabinet of the Ministers.
The meeting took place in Hong Kong on the sidelines of the
Asian financial Forum.
The meeting focused on expanding cooperation between Kyrgyzstan
and Citi Bank, including the issuance of eurobonds and the
establishment of correspondent banking relations between Kyrgyz and
international banks.
Kasymaliev emphasized the importance of the partnership with
Citi Bank, highlighting its role as the lead coordinator and
bookrunner for Kyrgyzstan's upcoming eurobond issuance.
He also noted the increased cooperation between the National
Bank of Kyrgyzstan and Citi Bank in 2024 and expressed interest
from Kyrgyz commercial banks, including Eldik Bank and Ayil Bank,
in establishing correspondent banking relations with Citi Bank.
In turn, Ernesto Torres Cantu highlighted the significant
potential for financial cooperation with Kyrgyzstan and noted that
the issuance of eurobonds would be a crucial step in strengthening
economic ties between the two countries.
In conclusion, both sides expressed confidence that the meeting
would provide a new impetus for the further development of
bilateral cooperation and achieving mutual success.
Citi Bank is the banking division of Citigroup Inc., a
multinational banking and financial services corporation
headquartered in New York. It is one of the largest banks in the
world by assets, operating in numerous countries.
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