Investment Banking
Joint Lead Manager & Joint Bookrunner on Eldik Bank’s Debut Bond Issuance
April 30, 2026
Oppenheimer’s European Capital Markets Group is pleased to announce it has acted as Joint Lead Manager & Joint Bookrunner on Eldik Bank’s debut $500 million U.S. dollar-denominated sovereign bond issuance
This transaction marks a significant milestone in Kyrgyzstan’s entry into the global capital markets as it marks the inaugural corporate issuance. Eldik Bank, a 100% state-owned institution, offered senior unsecured notes with a five-year maturity. Proceeds from the issuance will support critical national priorities, including solar projects, toll roads and broader infrastructure initiatives.
The notes are listed on the London Stock Exchange: International Securities Market and the offering was issued pursuant to Rule 144A / Regulation S and is governed by English law. The notes are rated B+ (Stable) by S&P and B (Stable) by Fitch. Meetings from the formal deal roadshow were joined by global investors, alongside senior representatives from the Ministry of Finance and National Bank of Kyrgyzstan.
Oppenheimer’s advisory capabilities with the Republic of Kyrgyzstan have extended beyond the transaction itself. In the lead up to the issuance, Oppenheimer hosted the debut Kyrgyz Capital Markets Day joined by the Ministry of Finance, Ministry of Economy and the largest state-owned and private banks. The event was organized to facilitate direct engagement between senior Kyrgyz government officials and leading international investors, providing a structured forum to discuss economic developments, banking sector reforms and investment opportunities.
Joint Lead Managers on the transaction included Citigroup and Oppenheimer.
Oppenheimer is proud to have played a key role in this landmark deal and looks forward to supporting Kyrgyzstan’s continued development and capital markets access.
Oppenheimer Europe Ltd.
125 Wood Street, London EC2V 7AN, United Kingdom
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