Corporate bonds are bonds issued by joint stock companies and commercial banks, regardless of their organizational and legal form.
Each bond issue gives its owner the same amount of rights.
The owner of a bond has the right to receive the bond’s nominal value at maturity, as well as the right to receive income as a percentage of the nominal value of the bond in the procedure and frequency provided for by the terms of this bond issue.
The owner of the bonds has the right to freely sell and otherwise dispose of the bonds in accordance with the current legislation of the Republic of Uzbekistan and the terms of issue of the bonds.
Bonds are not collateral for the requirements of the bank or its affiliates.
In case of reorganization of the Bank, the owner of the bond has the right to demand the early fulfillment of obligations by the Bank under the bonds.
In the event of liquidation of the Bank, the owner of the bond is entitled to receive the funds due after the claims of depositors and other creditors of the Bank are satisfied before distributing the remaining property among the shareholders.
The owner of the bond also has other rights provided for by the current legislation of the Republic of Uzbekistan.