Khan Teniri Capital PLC is a broker-dealer and investment manager committed to delivering market-leading customer service and technical innovation. A public company, its equity listed on the Stock Exchange of Kyrgyzstan (BTS).

A unique opportunity in Kyrgyz fixed-income products.

  • The Kyrgyz Som is the most stable currency in Central Asia and has appreciated against the US dollar over the past 12 months.
  • Kyrgyz fixed-income instruments (corporate and government bonds) offer significantly higher yields than those available in developed markets, with an additional opportunity to benefit from currency appreciation.

Recent bond issues

Corporate bonds

NameOJSC InvestCor SA – 2nd IssueOJSC ABN – 5th IssueOJSC Bakai Bank – 1st Issue
Duration3 years 3 years2 years
CurrencyKGSKGSKGS
Interest rate18% per annum18% per annum13.5% per annum

Government bonds

NameTreasury Bills (GB)Treasury Bonds (GKOs)
Duration1 year 3/5/10 years
CurrencyKGSKGS
Interest rate11% per annum14/15.2/16 % per annum

Why Kyrgyzstan?

From the first days of independence, the Kyrgyz Republic has maintained an open economy backed by investor-friendly laws. The country has since established itself as a regional investment hub, with a developed stock market infrastructure and opportunities across a diverse range of sectors.

  • Mining, agriculture, tourism, financial services
  • No exchange controls
  • A stable currency
  • Neutrality in global politics
  • Reasonable taxation

Islamic securities

Kyrgyzstan is positioning itself as a leader in Islamic finance within Central Asia, being the first in the region to issue Islamic certificates (sukuk). Khan Teniri Capital is leading the way in establishing standards for the issuance of Islamic securities and provides a comprehensive suite of services for companies interested in utilizing this method for financing.


Global stocks with major Kyrgyz exposure