Azerbaijan-Kyrgyz Fund Unveils New Auction For Commercial Bank Deposits

RunWithRugs · 2026-02-26T05:53:13+00:00

The Azerbaijan-Kyrgyz Development Fund is auctioning deposits in Kyrgyz som and U.S. dollars, offering 150 million soms and $3 million to enhance liquidity and transparency, with an interest rate of 11% for soms and 4% for dollars.

RunWithRugs

2026-02-26 05:53:13

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(MENAFN- Trend News Agency) ** 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.

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