Shareholders approved the issue of Ayil Bank bonds worth 100 million KGS

At an extraordinary general meeting on 16 September, Ayil Bank shareholders approved the bank's first-ever bond issue, according to the Kyrgyz Stock Exchange.

According to the approved terms, Ayil Bank will place 100,000 bonds with a par value of 1,000 KGS each. The total amount will be 100 million KGS.

The securities will be traded for 36 months, and the yield on them will be 11% per annum with quarterly interest payments.

The placement of debt securities will allow the bank to diversify its funding sources and attract long-term resources on the capital market.

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Shareholders approved the issue of Ayil Bank bonds worth 100 million KGS

Read Similar

The Parliament approved a reduction in pension contribution rates for working pensioners

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