BAKU, Azerbaijan, June 29
By Ilkin Seyfaddini - Trend:
Toshkent Republican Stock Exchange has completed placement of corporate bonds of Asia Alliance Bank in the amount of 45 billion soums ($4.4 million), Trend reports with reference to the Capital Markets Development Agency of Uzbekistan.
The volume of the registered issue of corporate bonds of the JSC Asia Alliance Bank is $4.8 million (with par value of $97.8) with a maturity of seven years (or 2,557 days from the date of placement).
"The rate of return of these bonds is the refinancing rate of the Central Bank of Uzbekistan plus four percent per annum. Quarterly interest payments are envisaged for the issue," the message said.
The shares of Asia Alliance Bank are 100 percent owned by the Agency for State Assets Management of Uzbekistan.
Asia Alliance Bank is a dynamically developing bank and one of the active banks in project financing, the message said.
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