Notable event in Tajik market: first ever corporate bond issued

January 03, 2017 - Cbonds

 

Dear Cbonds users! 

We are pleased to inform you that the Cbonds database has been updated and now includes the first corporate bond issue in Tajikistan (http://cbonds.ru/emissions/issue/284325).

Eskhata Bank is the first bank in Tajikistan to have obtained the Finance Ministry’s approval of a corporate bond issue.
The issue amounts to TJS 20m (the par value per bond is TJS 100). The issue paying 22% has a 2-year tenor. OOO Prime Invest is the issue arranger.
This is a historic event as it is the first corporate bond in the entire history of independent Tajikistan.  

All bond issue pages on the Cbonds website feature a bond calculator, key issue parameters and a payment schedule. Cbonds constantly updates information on new bond issues and government bond auctions in Tajikistan (http://cbonds.ru/auctions/). 

We would like to remind you that the Cbonds.Global database (http://cbonds.ru/) includes all international bonds of developed and emerging markets, as well as domestic bonds of European countries, the USA, and certain EM countries. Information is available in four languages: Russian, English, German, and Italian. 

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Issuer, issue numberEskhata Bank, 22% 20dec2018, TJS (01)
Type of debt instrumentDomestic bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueTJS 100
Amount20,000,000
State registration numberTJ020101402
Start of placement12/20/2016
End of placement12/20/2016
Date of circulation start12/20/2016
Coupon22%
Coupon frequency4 time(s) per year
Settlement date12/20/2016
Maturity date12/20/2018
Issue ManagersBookrunner: Prajm Invest
Trading floorCASE, EB001
Issuer: Eskhata Bank
Outstanding issues:
1 issuesTJS20,000,000
Issuer rating:
Moody's Investors ServiceCaa2/NegativeLT- foreign currency02/12/2016
Moody's Investors ServiceB3/NegativeLT- local currency02/12/2016