The Capital Market Development Agency registered the issue of corporate bonds of JSCB ASIA ALLIANCE BANK in the amount of 50.0 billion soums. The issuance of bonds is an exclusive project for the Uzbek securities market over the past few years.
Since the formation of JSCB ASIA ALLIANCE BANK, 12 issues of shares worth 167.5 billion soums have been organized, which were successfully placed among shareholders. It was also organized and successfully placed 6 issues of certificates of deposit in the amount of about 400 billion soums, with a maturity of up to 3 years.
The main objectives of issuing our own corporate bonds, ASIA ALLIANCE BANK, are to strengthen the long-term resource base of the Bank, attract funding sources to finance promising projects in the real sector, and expand opportunities to raise funds from organized capital markets.
The volume of the registered issue of corporate bonds of JSCB ASIA ALLIANCE BANK is 50.0 billion soums, with a nominal value of 1.0 million soums with a maturity of 7 years. A high rate of return on bonds is proposed - the refinancing rate of the Central Bank of the Republic of Uzbekistan + 4% per annum. The issue provides for quarterly interest payments. The placement of bonds is planned to be carried out from July 16, 2019 on the Toshkent Republican Stock Exchange.