ISSUE OF HIGH-YIELD BONDS
OJSC Microfinance Company Salym Finance (hereinafter referred to as OJSC MFC Salym Finance) from 23.12.2020 begins the placement of the sixth issue of registered interest-bearing bonds. The first 5 issues of high-yield bonds of the Company for a total amount of 300 million soms were successfully placed, legal entities and individuals became investors. Bonds of Salym Finance are securities of a reliable and stable company, bringing in additional high quarterly income.
BASIC PARAMETERS OF THE ISSUE
|Bond type||Registered book-entry fixed-interest bonds|
|Issue volume||100 000 000 soms|
|Number of bonds||100 000 copies|
|Par value||1000 soms|
|Yield||15.5% per annum|
|Interestyieldpayment||Every three months|
|Circulation period||3 years|
|Issue underwriter||“Senti Financial Company” LLC|
NTICIPATED REDEMPRION OF BONDS
If required, any bond holders can return their invested money anticipatorily
- by putting up bonds for sale at the second market;
- by applying to OJSC “Microfinance Company “Salym Finance” for early return of invested funds upon expiration of 12 months from the starting date of bond placing.
WHAT ARE BONDS?
The bonds are debt securities. By purchasing any bonds you transfer your money to the company that issued them for a definite period (3 years) and at a certain interest (15.5% per annum). The amount invested by you will be completely redeemed (returned)in 3 years. Interests are paid every three months.
Theyield on bonds of the Salym Finance MFC is tax-exempt
According to the KR Tax Code the interests and yield on increment in the value of bonds of the Salym Finance MFC gained by legal and natural persons are exempted from income tax and profit tax (Articles 167, 189, 223 of the KR TC).
The Company bonds are included in the category following the highest listing category «Blue Chips» of CJSC “Kyrgyz Stock Exchange”.
HOW CAN ONE BUY BONDS?
In order to acquire bonds you must come with your passport to the Office of “Senti Financial Company” LLC, sign an agreement for bond purchase and must deposit an amount to be invested. You must also open a personal account, on which your bonds will be kept. The transaction will be registered on the Stock Exchange during 2 days, and you will be a legally competent bond holder.
PAYMENT OF BOND INTEREST CHARGES
The bond yield at the rate of 15.5% per annum will be paid every three months (quarterly) in the Head Office of OJSC “Microfinance Company “Salym Finance” or will be transferred to the bank settlement account of investor.