Agrobank places deposit certificates, corporate bonds

Tashkent, Uzbekistan (UzDaily.com) -- Agrobank open joint stock commercial bank offers deposit certificate with par value of 1 million soums and corporate bonds with nominal value of 1 million soums to legal entities.

The bank said that the circulation term of deposit certificates with interest rate of 7% makes up 18 months, deposit certificates with interest rate of 8% - 24 months and deposit certificates with interest rate of 10% - 36 months.

The circulation term of corporate bonds is 5 years and interest rate is equal to refinancing rate of the Central Bank (14% APR).

In line with the presidential resolution from 28 July 2009, legal entities are freed from income tax for five years if they invest to securities of the commercial banks.