The first gong, first trades, first customers of bonds
17.04.2017

The first gong, first trades, first customers of bonds

Khurshed Nosirov, Chairman of the Management Board of the OJSC “Bank Eskhata”, stroke the first gong for purchase of corporate bonds of Eskhata Bank.

First, on April 14 of 2017, on the platform of the Central Asian Stock Exchange, two-year corporate bonds of Eskhata Bank started trading.

Placement of corporate bonds of Eskhata Bank in the amount of 20 million Somoni was the first and the only placement of corporate securities on the stock market of the country for today. The first placement of securities in the history of the stock market in Tajikistan was the main topic of discussion among local investors. At this historic event, investors purchased bonds worth more than 1 million TJS, which is a good indicator. Eskhata Bank is issuer, one of the largest participants of the banking market of the country. Its securities were placed in Tajik market of securities for the first time. That event became a successful step for the Bank in diversification of financial services.

In his speech, Chairman of the Management Board of Eskhata Bank Khurshed Nosirov marked: “That placement is the first step for the bank in a way of expansion of financial instruments. Moreover, the bank intends to widen cooperation with stock exchange in the nearest future for business development”.

In his turn, General Director of the OJSC “Central Asian Stock Exchange” marked that meeting as a historic event for stock exchange of Tajikistan. He expressed readiness to mutually beneficial cooperation with all interested persons.

Let us remind that the nominal value of placed bonds was 100 Somoni, with quarterly coupon payments at a rate of 22% per annum. It should be noted that the revenues received on bonds are fully exempt from taxation.

"In conditions of dynamic business development, there is a need for considerable amounts of financing. In those circumstances, it is worth paying attention to the opportunities that the stock market provides. Now there are chances for a successful issue of securities to the stock market for any local company that has an established corporate structure and reporting» - said Navruz Khotamov, director of the brokerage company “Prime Invest”.

Successful trading, first customers of bonds and the date April 14 of 2017 enter the chronology of historic events of Eskhata Bank, as one of successful starts of new direction.

Contacts to purchase bonds:

Address: 38/1, Rudaki av., Dushanbe, Tajikistan

Phone: +992 (37) 227-34-93, 227-73-96

E-mail: info@case.com.tj

Website: primeinvest.tj



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