Message from the Chairman – New Year 2025

As we welcome 2025, I extend my heartfelt greetings and best wishes to our clients, partners, and dedicated team members at Khan Teniri Capital. The dawn of a new year is an opportunity to reflect on our achievements and to set our sights on the future.

The Kyrgyz economy continues to demonstrate remarkable resilience and growth, and Khan Teniri is proud to be at the heart of the financial services sector driving this progress. Our shared efforts contribute not only to the prosperity of our company but also to the broader economic development of Kyrgyzstan.

As Kyrgyzstan solidifies its position as a regional financial centre, connecting global markets with Central Asia and enabling capital creation, Khan Teniri remains at the forefront of this progress. I am particularly proud of our work in the field of Islamic securities, where we continue to offer innovative products and solutions.

To our dedicated staff, your unwavering professionalism, expertise, and hard work have been instrumental in our success. To our valued clients, thank you for your confidence in us. Together, we have built a foundation for sustained success, and together, we will continue to achieve great things in the years to come.

Warm regards,
Zainidin Tagayev
Chairman
Khan Teniri Capital PLC

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

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

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