Uzbekistan, Tashkent, Sept. 7 /Trend, D.Azizov/
Uzavtoprom JSC, which unites the automobile industry of Uzbekistan, issued corporate bonds worth 35 billion sums, the State Property Committee (SPC) of Uzbekistan told Trend on Wednesday.
"The Center for coordination and control over the securities market, acting under the State Property Committee, in late last week registered the corporate bonds of the company, consisting of 35,000 registered bonds with nominal value of one million sums, with a maturity of five years," said the SPC.
The interest rate on the bonds will be seven percent per annum for the duration of issuance. Placement of bonds is made via public subscription. Term of placement is 365 days from the date of state registration.
Today it is the largest bond issuance, carried out by companies in the corporate bond market in Uzbekistan. According to Uzavtoprom, the incomes from the placement will be used for general corporate purposes of the company.