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Finance 02/09/2013 Ipak Yoli Bank to place bonds for 5bn soums
Ipak Yoli Bank to place bonds for 5bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock innovative commercial bank “IpakYoli” will place corporate bonds for 5 billion soums.

The bank registered an emission of corporate bonds at the Center for coordinating and controlling over functioning of securities market.

According to the conditions of the issue, the bank will place 5,000 bonds with nominal value of 1 million soums each. Total volume of the issue makes up 5 billion soums.

The maturity term is 1,825 days. The interest rate is set at refinancing rate of the Central Bank, set at the day on payment of coupons, minus 1%. Currently, the refinancing rate is set at 12% APR.

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