Stay up to date with the latest news
Subscribe to our telegram channel
Finance
07/11/2012
NBU to place corporate bonds for 35bn soums
NBU to place corporate bonds for 35bn soums
Tashkent, Uzbekistan (UzDaily.com) --
National Bank for Foreign Economic Activity of Uzbekistan (NBU) registered the fifth emission of corporate bonds for 35 billion soums.
Within the emission, NBU will place some 35,000 corporate bonds with nominal value of 1 million soums each, the bank disclosed.
Circulation term of the bonds is 3,600 days. The circulation term will comprise of 40 interim coupon dates. Each interim date is equal to 90 calendar days.
The prospectus of emission said that the interest rate of the bonds is 10.5% APR. Coupons will be paid each quarter.
The bank said the bonds will be placed through exchange market (Uzbekistan Stock Exchange) and off-exchange organized market (Elsis-Savdo).
LATEST NEWS