Agrobank Issues Deposit Certificates & Corporate Bonds
OREANDA-NEWS. November 09, 2010. Agrobank open joint-stock commercial bank distributes deposit certificated at the nominal price of 1 million soums and corporate bonds at the price of 1 million soums among legal entities.
Interest on corporate bonds is paid at the refinance rate of the Central Bank of Uzbekistan presently comprising 14% APR.
According to the Resolution of the President dated 28 July 2009 No.PP-1166 legal entities enjoy five year tax deferral on interest received from securities in commercial banks for the period over one year.
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