Uzbekistan Exchange to place government securities at auction
Baku, Azerbaijan, July 9
By Fakhri Vakilov - Trend:
The Uzbek Republican Currency Exchange (URDC) will hold an auction on July 12 to place government securities (GS) in the form of medium-term bonds, Trend reports via Uzbek media.
In total, the Ministry of Finance of Uzbekistan together with the Central Bank will place 100,000 securities. The nominal value of each bond is 1 million soums ($116.66). The total output shall be 100 billion soums ($11.6 million).
The fixed interest rate of income is 15 percent per annum. The first interest income will be available from October 11 of this year, and then every three months.
The time of collection of applications for the purchase of bonds: July 12 from 9.00 to 11.30 (GMT +5).
On June 12, 2019, 100,000 government bonds worth $ 12.9 million were sold on the URDC. In two years, buyers of government securities will receive 19.63 billion soums of interest income ($ 2.2 million). The first payments will be made on September 11, 2019.
($1-8,572.29 soums on July 9)
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