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Finance 05/08/2010 Alokabank to issue corporate bonds for 3bn soums
Alokabank to issue corporate bonds for 3bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Alokabank open joint stock commercial bank will issue corporate bonds for 3 billion soums.

The bank registered corporate bonds at the Center for coordination and control over functioning of securities market.

Alokabank will place 30,000 corporate bonds with nominal value with 100,000 soums each.

The circulation term of the bonds is 1,825 days. The bank will pay coupons quarterly as interest from par value of the bond based on refinancing rate of the Central Bank of Uzbekistan (14% APR).

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