Joint Lead Manager & Joint Bookrunner on the Republic of Kyrgyzstan's Sovereign Bond Issuance

Oppenheimer & Co. Inc. acted as Joint Lead Manager & Joint Bookrunner on the Republic of Kyrgyzstan’s inaugural $700 million U.S. dollar-denominated sovereign bond issuance.

This transaction marks a significant milestone in Kyrgyzstan’s entry into the global capital markets. The offering consisted of senior unsecured notes with a five-year maturity. Proceeds from the issuance will support critical national priorities, including hydroelectric power development and broader infrastructure initiatives.

The notes were issued under the Republic’s $1.7 billion Global Medium Term Note Program and are listed on both the London Stock Exchange and the Hong Kong Exchange. 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.

Oppenheimer’s engagement with the Republic of Kyrgyzstan has extended beyond the transaction itself. In the lead-up to the issuance, Oppenheimer hosted President Sadyr Japarov and his delegation at the firm’s New York City headquarters for a high-level roundtable discussion—the Republic’s first official visit to Wall Street. The visit concluded with an exclusive tour of the New York Stock Exchange.

Joint Lead Managers on the transaction included Citigroup, China CITIC Bank, and TF International.

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.