Кыргызская фондовая биржа

"DAY OF EMITMENT" II-issue of social bonds of CJSC "Bank of Asia"

On July 2, 2024, the Kyrgyz Stock Exchange held a ceremonial event called "Issuer's Day" to mark the placement of the II issue of social bonds by Bank of Asia CJSC ("Bank of Asia"). The fundamental feature of this issue of the Bank's bonds is their closed placement among institutional investors, the strategic one among which is the State Development Bank of the Kyrgyz Republic.

The agreement between Bank of Asia and the State Development Bank is an important part of the Cooperation Agreement within the framework of the State Development Bank of the Kyrgyz Republic Program "Targeted Financing through the Kyrgyz Stock Exchange". According to the agreements, OJSC State Development Bank of the Kyrgyz Republic acquired 80% of the Total: issue in the amount of 100,000,000 (one hundred million) soms.

Recall that in November 2022, Bank of Asia became the first bank to issue gender bonds in Kyrgyzstan. The purpose of the second issue of social bonds is to support small and medium-sized businesses, women entrepreneurs, and improve the well-being of entrepreneurs.

President of the Kyrgyz Stock Exchange Medet Nazaraliev:

"KSE welcomes the 2nd issue of social bonds of the Bank of Asia, which demonstrates the best practice of attracting sustainable capital, as well as institutional investors, including the State Development Bank of the Kyrgyz Republic as a strategic institutional investor of the issue. Such joint projects contribute to a significant increase in the potential for the development of the capital market and attracting financing in socially significant areas, as a result, contribute to the development of a sustainable financing system in the Kyrgyz Republic." 

Chairman of the Board of the State Development Bank of the Kyrgyz Republic Meder Temirbekov:

"The State Development Bank of the Kyrgyz Republic is confident that investing in the social bonds of Bank of Asia not only contributes to the achievement of our strategic goals, but is also a contribution to the well-being of our citizens and the sustainable development of our country. We look forward to further cooperation and are confident in the successful future of our joint projects."

Chairman of the Management Board of CJSC Bank of  Asia Zemfira Atakishiyeva:

"We, at Bank of Asia, are proud that our social bonds have become an important tool for supporting socially significant projects in Kyrgyzstan. Our partnership with the State Development Bank of the Kyrgyz Republic confirms our commitment to sustainable development and improving the quality of life of our citizens. We actively support the principles of ESG (environmental, social and corporate governance) and are confident that support for these principles will become the foundation for a successful future."

It should be noted that the KSE Issuer's Day is a traditional event of the Exchange aimed at covering significant events in the country's corporate and stock market, as well as informing the public, investors and other interested parties about the activities of companies, the opportunities and advantages of capital market instruments.