Regulatory Alerts2012-10-22 | 119149Regulation on the Issuance, Placement, Circulation and Redemption of State Securities of the Kyrgyz Republic
The Cabinet of Ministers of the Kyrgyz Republic, acting through its Ministry of Finance as Issuer, establishes binding regulations governing the issuance, placement, circulation and redemption of state securities (Treasury Bills, Treasury Bonds, and Treasury Obligations) within the national territory. The framework mandates competitive and non-competitive auction mechanisms for primary market placement, defines precise parameters including nominal values, tenors and coupon structures, and sets statutory limits for bid satisfaction and yield thresholds. Additionally, it standardizes the operational roles of Trading Organizers, Settlement Operators and Depositories while guaranteeing transparent publication of issuance plans and streamlined procedures for secondary market transactions and final redemption.