First Metal Base announced its readiness to repay bondholders 70 million KGS

First Metal Base LLC has notified investors of the start of the redemption process for registered interest-bearing bonds issued in December 2023. The redemption is being carried out in accordance with the terms of the issue decision.

These are uncertificated bonds with a par value of 5,000 KGS, placed in the amount of 14,000 pieces. Thus, the company will have to pay 70 million KGS to bondholders.

The term of circulation of the bonds is set from December 21, 2023, to December 21, 2025. The main redemption period is set for December 21, 2025, to January 4, 2026.

The issue provides for the possibility of early redemption at the investor's request, with the put option period falling between June 21 and December 21 of this year.

The company also announced the terms of coupon income payments for this issue, which is 19% per annum.

The payment start date is set for December 21, and the register of holders was formed on December 17.