Microcreditbank to issue bonds for 2 billion soums
09/10/2012 20:08
Microcreditbank to issue bonds for 2 billion soums
09/10/2012 20:08
Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock commercial bank “Microcreditbank” will place corporate bonds for 2 billion soums.
The Center for coordination and control over functioning of securities market under the State Property Committee of Uzbekistan registered a prospectus of emission on 4 October 2012.
Within the emission, the bank will place 2,000 corporate bonds with par value of 1 million soums each. Total sum of the issue is 2 billion soums.
Maturity term of the bonds is 1,820 calendar days. The coupon is equal to refinancing rate of the Central Bank of Uzbekistan, which is equal to 12% APR. The coupon will be paid each quarter.
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