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Finance 09/07/2012 Ipak Yoli Bank to place corporate bonds for 5bn soums
Ipak Yoli Bank to place corporate bonds for 5bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock innovative commercial bank Ipak Yoli will issue corporate bonds at the size of 5 billion soums.

According to the bank, it registered a prospectus of emission of corporate bonds at the Center for coordinating and controlling over functioning of securities market on 5 July 2012.

Within the emission, the bank will place 5,000 corporate bonds with nominal value of 1million soums each.

The maturity term of the bonds is 1,095 days. The coupons will be paid each quarter and calculated based on refinancing rate of the Central Bank of Uzbekistan (12% APR).

In line with the decision of the bank, legal entities, residences of Uzbekistan, can purchase the corporate bonds of the issue.

Ipak Yoli Bank earlier placed three emissions of corporate bonds with total sum of 11.414 billion soums.

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