Individuals
KICB implemented the biggest issue of corporate bonds to the amount of KGS 150 mln. in the history of Kyrgyz Republic
“Kyrgyz Investment and Credit Bank” CJSC (KICB) started placement of the second issue of registered interest-bearingbonds with 14 % fixed interest.
KICB offers to become an investor of a reliable bank and receive additional income on a quarterly basis.
Main parameters of the bonds issue.
|
Type of bonds |
Registered, undocumented with fixed interest |
|
Volume of the issue |
KGS 150 000 000 |
|
Number of bonds |
150 000 |
|
Face value |
KGS 1 000 |
|
Bond coupon rate |
14 % p. a. |
|
Payment of income |
Each three months (December 16, March 16, June 16, September 16)
|
|
Effective interest rate |
14,75% p.a. |
|
Maturity |
3 years (23.09.2014 – 23.09.2017) |
|
Period of bonds placement |
From 23rd of September 2014 till 27th of February 2015 |
|
Underwriter of the issue |
LLC«Financial company«Senti» |
|
The Registrar |
«Reestroderzhatel»LLC |
|
The Auditor |
“KPMG Bishkek” LLC |
The calculation of income on KICB bonds, not subject to income tax and profit tax
|
Investment amount |
Quarterly income (% payment) |
Total income for 3 years |
|
KGS 10 000 |
KGS 350 |
KGS 4 200 |
|
KGS 100 000 |
KGS 3 500 |
KGS 42 000 |
|
KGS 1 000 000 |
KGS 35 000 |
KGS 420 000 |
|
KGS 10 000 000 |
KGS 350 000 |
KGS 4 200 000 |
What is a bond?
Bonds are debt securities that are profitable alternative to the bank deposit. By purchasing bonds you hand over your money to the Bank for a definite period (3 years). The Bank pays you interest each quarter for 14% p.a. that is not taxable for the use of your money. In three years the Bank will completely redeem (return) the amount invested by you. If it is necessary you can return money ahead of time.
What are the advantages of KICB bonds?
Income from KICB bonds is not taxable
The main advantage of KICB bonds is that income from securities received by legal entities and individuals is not taxable as KICB bonds are included into the category «Blue Chips» of the listing at the “Kyrgyz stock exchange” CJSC (the Tax code of KR, art.167 cl.36, art. 189, cl.9, art. 223).
The investors can return money at any time
The bondholder wishing to return invested money earlier can conclude an agreement with a KICB broker (the Financial company “Senti”) of securities sale, pay the Broker’s services and sell his bonds to other investors. If there is no demand for bonds, KICB will buy out its securities itself from investors wishing to sell them ahead of time.
KICB bonds are included into the listing category Blue Chips
KICB bonds are included into the second highest category of listing «Blue Chips»at the Kyrgyz stock exchange . It confirms reliability of the Bank, ensures transparency of its financial documentation and exempts bondholders from payment of taxes.
You will become an investor of one of the biggest banks in the country
Purchasing KICB bonds will make you an investor of the big and reliable Bank. You may invest any amount, starting from KGS 1 000 and higher, and receive income at 14 % interest rate on a quarterly basis. In three years the Bank will completely redeem (return) the amount invested by you. If it is necessary you can return money ahead of time.
Where will be the interests on bonds paid?
The interests on bonds for 14% per annum are paid each three months in one of the following ways: in cash in the head office of the Bank, by transfer to you banking card or settlement account. You can choose the most convenient way of interest payment for you.
Where can I acquire bonds?
You can acquire KICB bonds through the Underwriter of the Bank – the Financial Company “SENTI” at:
9 floor, 219, Chui av., Bishkek, the Kyrgyz Republic
Telephone: +996 (312) 61-45-89, 61-46-47
You may refer to the Financial company “Senti” for detailed information about bonds as well as to all branches of KICB.
Tel.: (+996 312) 62-01-01; Fax: (+996 312) 62-02-02