BAKU, Azerbaijan, May 13
By Ilkin Seyfaddini - Trend:
Corporate bonds of JSCB Kapitalbank became available to investors at the trading of the Tashkent Stock Exchange starting from May 13, Trend reports with reference to the Tashkent Stock Exchange.
"The yield of the securities is 20 percent per annum and their validity period is seven years. Nominal value is one million soum ($98.3)," the message said.
In total, the bank issued 50,000 interest-bearing registered non-documentary bonds. The total volume of the issue is 50 billion soum ($4,9 million).
"This is the fourth issue of Kapitalbank's bonds. The authorized capital of Kapitalbank is 155.7 billion soum ($15,3 million). Net profit before tax made up 20.5 billion soum (more than $2 million) in the first quarter," the message said.
The bank has 24 shareholders, including six legal entities and 18 individuals. Around 81.6 percent of the shares are owned by legal entities and 18.94 percent by individuals.
Kapitalbank was founded in 2001 and has 17 branches all over Uzbekistan, 25,000 corporate clients and 564,000 private ones.
S&P rated the bank as "CCC+/C" with positive outlook and Moody's as "B3/B2" with stable outlook.
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