NBU to place corporate bonds for 100 billion soums
19/01/2010 18:11
NBU to place corporate bonds for 100 billion soums
19/01/2010 18:11
Tashkent, Uzbekistan (UzDaily.com) -- National Bank for Foreign Economic Activity of Uzbekistan (NBU) registered three emissions of corporate bonds with total sum of 100 billion soums.
The emission is the largest in history of corporate bonds of Uzbekistan and it comprises 47.5% of total volume of corporate bonds.
The bank said the emissions differ on volume, maturity term and coupon payments. The par value of each bond is 1 million soums and maturity term is between four to ten years.
The first emission was registered by the Center for securities market on 6 January 2010. Total volume of emission is 35 billion soums with maturity term of four years. The 90-day coupon payment rate is 9% APR.
Two days later, the bank registered the second emission for 35 billion soums with maturity term of seven years. The 90-day coupon payment rate is 10.5% APR.
NBU registered third emission of corporate bonds on 12 January with total volume of 30 billion soums. The maturity term of the issue is 10 years and coupon rate set at 12% APR.
The bank said it will place shares on open subscription. The secondary circulation of the bonds will be carried out both in exchange and over the counter markets.
Overall, 123 emissions of corporate bonds for 210.47 billion soums were issued in Uzbekistan. Currently, along with NBU emissions, five issues for 22.5 billion soums circulate in the market, of which two for 13 billion soums were registered in 2009.
$ 1 | 12697.00 | 0.000% |
1 | 13547.70 | 0.000% |
₽ 1 | 135.05 | 0.000% |