Kyrgyzstan places $700 mln in debut Eurobonds at 7.75%

BISHKEK. May 28 (Interfax) - Kyrgyzstan has placed $700 million in five-year debut sovereign Eurobonds at 7.75% per annum, the Kyrgyz Finance Ministry's press office said.

Demand peaked at more than $2.1 billion. The final offering was three times oversubscribed.

More than 100 investors from Britain, the United States, Europe and Asia bought bonds.

The Finance Ministry said the successful Eurobond market debut was an important step in strengthening the country's investment image, attracting long-term capital to develop infrastructure and energy and improving public finances.

"The strong investor interest in Kyrgyzstan's bonds is a sign of growing confidence in the country's macroeconomic policy, the strength of its financial system and efforts by the president and government to ensure transparency and fiscal discipline and deepen international financial integration," it said.