OREANDA-NEWS. November 20, 2013. Placement of bank bonds started on September 16, 2013 and was completed before the planned date.

During this period, the entire volume of bonds issued in the amount of 100 million soms was placed among investors who are individuals and legal entities, including local and international financial institutions.

About 52% of the issued securities were purchased by individuals in the amount of 51.78 million soms. 48% of the bonds are placed among the legal entities in the amount of 48.22 million soms. Of them, 46.25 million soms securities purchased by financial institutions.

Among investors, KICB bonds were purchased by 4 insurance companies, one bank, one investment fund and an international financial institution.
 
Information:
KICB issued 100,000 bonds in the category “Blue Chips” with nominal value KGS 1,000 each and for total amount of KGS 100 million. The yield of securities is 14% p.a. The interest income on bonds is not taxable and will be paid on a quarterly basis:  December 16, March 16, June 16 and September 16 of each year, due to this fact, the effective interest rate increases up to 14,75% p.a. Both individuals and legal entities can purchase bonds. At the day of bonds maturity – September 16, 2015 (in 2 years after Placement Commencement Date) the Bank will repay principal amounts of the investments in full to the holders of KICB bonds. The redemption of bonds will be carried out at their nominal value - KGS 1,000.