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Demand exceeded supply: KICB bonds for KGS 200 million were placed in just 70 days. / 20.02.2018

It took more than two months for the Bank to successfully implement the fifth issue of registered interest-bearing bonds for a total amount of KGS 200 million.

3-year KICB bonds with a yield of 12% per annum were placed on the Kyrgyz Stock Exchange during the period from December 8, 2017 to February 16, 2018.

It should be noted that the demand for the Bank's bonds is increasing every year, as many investors have already assured in their comfortability and reliability. If at the placement of the first issues many clients did not understand what is "Bonds", often they were afraid of a new instrument, now they are eagerly waiting for new issues and regularly investing their savings. Everyone can become an investor, starting even with a small amount of funds (you can buy bonds for the amount from 1,000 soms).

Since 2013, the total volume of five issues of KICB bonds reached 800 million som. To date, KICB is the largest issuer of bonds in Kyrgyzstan. The Bank's management plans to continue the practice of borrowing capital in the domestic market. The attracted funds are directed to lending to the Bank's clients at favorable interest rates.

It is important to note that the income received on the Bank's bonds is not taxed (for individuals and legal entities), since KICB securities are included in the next to highest category of listing ("Blue Chips") on the Kyrgyz Stock Exchange

Bonds have a number of advantages over other types of investments. Firstly, you can provide your securities for early redemption at any time. The bank undertakes to return to you the full amount of the invested funds, with saving of the most part of the interest income. Secondly, when buying bonds there are no limits - you can buy bonds for the amount from 1,000 soms to several million soms. Thirdly, if necessary, you can return part of the invested funds, while the rest of the capital will continue to work. In addition, the yield of bonds is often higher than for deposits and interest is paid regularly - every 3 months.