Kyrgyzstan's President, Sadyr Japarov, embarked on a working visit to New York, where he met with representatives of the American multinational investment bank, Oppenheimer Asset Management. The discussions centered around potential collaborative projects, particularly in the banking and financial sectors.
The highlight of the conversation was the proposal put forth by Robert and Albert Lowenthal, President and Chairman of the Board of Oppenheimer Asset Management, respectively, for Kyrgyzstan to issue its inaugural sovereign Eurobonds. This move could potentially open doors for Kyrgyz companies to be listed on the New York Stock Exchange (NYSE).
Oppenheimer Asset Management, boasting over half a century of experience and managing assets worth $37bn, was originally established as Oppenheimer & Company Oppenheimer Holdings in 1950. It began as a broker-dealer, offering financial services primarily to large institutional clients. The company's leaders briefed President Japarov on its rich history and the wide range of financial services it provides.
The proposal for Kyrgyzstan to issue its first sovereign Eurobonds could mark a significant development in the nation's economic landscape. These Eurobonds, issued in a foreign currency, would provide Kyrgyzstan with access to international capital markets. It could potentially help secure investments and pave the way for the initial public offerings (IPOs) of Kyrgyz companies on the prestigious New York Stock Exchange, a prospect that holds great promise for the nation's economic growth.
President Japarov warmly welcomed this initiative while emphasizing the necessity of conducting a thorough analysis of the proposal before making any final decisions. He acknowledged Robert Lowenthal's pivotal role in the impressive success story of Oppenheimer Asset Management and expressed gratitude for his assistance in facilitating this important meeting with key players in American finance.
Moreover, President Sadyr Japarov reaffirmed Kyrgyzstan's commitment to becoming a reliable and attractive destination for foreign investors, particularly those from the United States. By exploring opportunities like sovereign Eurobonds and potential listings on the NYSE, Kyrgyzstan aims to strengthen its ties with global investors, foster economic growth, and showcase its potential as an emerging player in the international financial arena.
This proposed collaboration between Kyrgyzstan and Oppenheimer Asset Management presents an exciting opportunity to boost Kyrgyzstan's economic development and reinforce its presence on the global financial stage.
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