BISHKEK, Kyrgyzstan, February 21. The
Azerbaijan-Kyrgyz Development Fund has announced an auction for
placing funds on deposit in commercial banks in Kyrgyz som and US
dollars, Trend
reports via the Kyrgyz Stock Exchange.
The fund plans to offer 150 million soms (approximately $1.72
million) in two separate lots, with 100 million soms (around $1.14
million) available for a nine-month term and 50 million soms
(approximately $571,700) for a 12-month term. The initial interest
rate for both lots is set at 11% per annum.
Additionally, in U.S. dollars, the fund is putting forward $3
million, divided into three lots of $1 million each, with a
12-month maturity and an interest rate of 4% per annum. Meanwhile,
these auctions aim to efficiently manage liquidity and enhance
transparency
The deadline for confirming the auction results is set for
February 19, 2026.
