UzSE begins trade of Hamkorbank’s corporate bonds
05/10/2009 00:10
Uzbekistan Stock Exchange
05/10/2009 00:10
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan Stock Exchange (UzSE) said it started to trade corporative bonds of Hamkorbank open joint stock commercial bank on 28 September 2009. The bonds were placed into IPO market.
The exchange said the bank set out 1 million corporate bonds with par value of 1,000 soums each. Total volume of bonds put for sale is 1 billion soums.
As earlier reported, Hamkorbank announced on emission of corporate bonds for 8 billion soums. The maturity period is seven years. Hamkorbank became the first bank, which put corporate bonds for sale at UzSE.
The bank said the coupon of the bonds is flexible and based on the Central Bank’s refinancing rate. The coupons paid quarterly. The interest rates are paid in cashless form with wire transfer to banking account.
The preliminary placement of the bonds will begin on 28 September 2009. The bonds will be placed on open subscription among legal entities.
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