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Finance 11/11/2011 Aloqabank to place corporate bonds for 3bn soums
Aloqabank to place corporate bonds for 3bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock commercial Aloqabank will issue corporate bonds for 3 billion soums, the Uzbek bank disclosed.

In line with the bank’s statement, Aloqabank registered emission of corporate bonds at the Center for coordinating and controlling over functioning of securities market.

Within the issues, the Uzbek bank will place 30,000 corporate bonds with par value of 100,000 soums each, Aloqabank said.

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 (12%).

As reported earlier, Aloqabank also registered emission of corporate bonds for 3 billion soums. The bank said these bonds were placed.

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