Bonds of KICB

On the 01^st of September, 2015 CJS “Kyrgyz Investment and Credit Bank” announced about starting of placement of the largest issue of corporate Bonds in the history of Kyrgyzstan stock market.

Parameters of the Bonds Issue:

·         Volume of issued Bonds – 200 000 000 KGS;

·         Bonds price – not less 1 000 KGS;

·         Interest income – 14% per annum;

·         Payment of interests – 16 December, 16 March, 16 June and 16 September;

·         Maturity – 24 months;

KICB Bonds are placing from September 10, 2015 till May 31, 2016 by public offering. The organizer of the issue is the Financial company “Senti” (the “underwriter”), through which any investor can purchase bonds. You can purchase Bonds, review with the Terms of the public offer and Prospectus and get more information about issue on the next addresses:

1.      KICB head office: 21, Erkindic av., Bishkek and in all KICB branches; tel.: 0312 620101.

2.      “Senti” Financial company: 9 floor, 219, Chui av., Bishkek; tel.: 0312 614589; 614647.  

Bonds Issue was registered at August 28, 2015 by the State Service for Regulation and Supervision of the Financial Market under the Government of KR (KG 0203166911). The Issue is 3^rd Issue for the Bank. In 2013 the 1^st Issue of KICB Bonds on amount KGS 100 million was purchased by investors less then 2 months. This fact has shown high demand and interest to Bonds of one of the largest Banks in KR.  Placement of the 2^nd Issue of KICB Bonds on amount KGS 150 million was completed in May 2015.

KICB securities were purchased by the wide range of investors including individuals and legal entities, local financial institutions and European Bank for Reconstruction and Development (EBRD).

September 16, 2015 the Bank will redeem the 1^st Issue of Bonds. The second issue of Bonds is trading actively now on the secondary market.

Today KICB is the largest issuer of corporate bonds in Kyrgyzstan. Total amount of issued debt securities achieved KGS 450 million. However bonds take some more then 1% in structure of the Bank`s liabilities. It is important to note that interest income from KICB Bonds is not taxed (for individuals and legal entities), so they were included in the second highest category of listing “Blue Chips” of the Kyrgyz Stock Exchange.

Information about issued bonds

KICB issues 200,000 bonds with nominal value KGS 1,000 each and in total amount of KGS 200 million. The yield of securities is 14% p.a. The interest income on bonds will be paid on quarterly basis:  December 16, March 16, June 16 and September 16 of each year, due to this fact, the effective interest rate increases up to 14,75% p.a. Both individuals and legal entities can purchase bonds.

At the day of bonds maturity (September 10, 2017) the Bank will repay principal amounts of the investments in full to the holders of KICB bonds. The redemption of bonds will be carried out at their nominal value - KGS 1,000.

Bond holders can sell their securities on the secondary market and get back invested funds before maturity. Additionally investors can right to redeem their bonds before maturity. 

Contact person for more information:

Anastasia Cherednikova

Tel. +996 (312) 62 01 01 (int.1033)

E-mail: anastasiac@kicb.net

Information about the bank

KICB was founded in August, 2001, the authorized capital of the Bank amounts to USD 17.5 million. At present KICB is among the top three largest banks of Kyrgyzstan: the 1^st place in the size of the shareholder’s equity and assets, the 2^nd place in the volume of the loan portfolio and deposit base. The KICB shareholders are the Kyrgyz Republic, the European Bank for Reconstruction and Development (EBRD), the International Financial Corporation (IFC), the German Investment and Development Company (DEG), the Aga Khan Fund for Economic Development (AKFED) and the Habib Bank Limited (HBL). The three of the said shareholders have the highest credit rating ААА/аааof the international rating agencies.