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Finance 04/01/2013 Alokabank places corporate bonds for 3bn soums
Alokabank places corporate bonds for 3bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock commercial “Alokabank” fully placed corporate bonds for total sum of 3 billion soums.

Alokabank registered the emission of corporate bonds at the Center for coordination and control over functioning of securities market on 5 November 2012.

Within the issue, the bank placed 30,000 corporate bonds with nominal value of 100,000 soums each.

Circulation term of the bonds is 1,825 days. The coupons will be paid each quarter based on refinancing rate of the Central Bank of Uzbekistan (currently 12%).

As reported earlier, Alokabank also registered the emission of corporate bonds for 6 billion soums (60,000 bonds with par value of 100,000 soums).

Charter capital of Alokabank makes up 60 billion soums, which comprises of 588 million ordinary and 12 million prudential stocks with par value of 100 soums.

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