Bailyk Finance is the owner of gender bonds
Bailyk Finance Limited Liability Company became the owner of gender bonds of Bank of Asia Closed Joint Stock Company.
Recently, the Chairperson of the Board of Bank of Asia CJSC met with the Director General of Bailyk Finance Company, Mrs. Moldazhanova Chinara Darkenbaevna. At the meeting they discussed issues of mutual cooperation between organizations, as well as programs to support women's entrepreneurship in the Kyrgyz Republic.
For 12 years Bailyk Finance Company has been a dynamically developing company, one of the leaders in the microcredit sector. The company is one of the first organizations implementing ESG principles and providing green and social products. By supporting such social projects as: the project of issuing the first social gender bonds of Bank of Asia CJSC, the company has shown its commitment to the Sustainable Development Goals and readiness to support ESG projects and programs aimed at supporting women.
Bank of Asia CJSC congratulates Bailyk Finance Company and expresses its gratitude for the initiative to become a responsible investor of women's bonds.
For reference: Nowadays 32% of the issue volume has been realized. One of the major investors was the Russian-Kyrgyz Development Fund, and other investors include the Kyrgyzstan Non-State Public Foundation, a number of insurance companies, the Kyrgyz Stock Exchange, individuals and legal entities. The total number of bondholders amounted to 50, including both legal entities and individuals.
Bank of Asia CJSC has already started financing of clients within the framework of this project, so to date loans amounting to 23 million KG soms have been issued. At the expense of financing more than 100 workplaces with improved labor conditions have already been created. During the whole time of using the allocated funds by the clients, the Bank will record the results on the main indicators of achieving social effect, in particular on the created jobs, created working conditions, etc. At the end of the year, the Bank plans to issue an impact report in accordance with the standards of the International Capital Markets Association (ICMA), which will outline the expected and/or actual social and environmental impact of the projects financed through the issuance of the Bank's social bonds. This report will be verified by an independent special organization and disclosed publicly.
Bank of Asia CJSC, before and after the official announcement of the offering, continues to work on identifying interested parties willing to invest by purchasing gender bonds. In this regard, taking into account the importance of the project and in general the reputational component in the implementation of SDG instruments in the Kyrgyz Republic, we urge everyone to support the social project by purchasing gender bonds of Bank of Asia CJSC.
Main terms of gender bonds issue.
1. General information
Number of securities intended for public offering 82,000 (eighty two thousand) copies;
Nominal value of the security: 1,000 (one thousand) KG soms;
Issue volume: 82,000,000,000 soms (eighty two million);
Circulation term of securities: 36 (Thirty-six) months;
Yield of securities: 12 % per annum.
Underwriter - financial company Senty.
SENTY Financial Company. Legal address: 219 Chui ave., 9th floor, Bishkek 720001, Kyrgyz Republic Tel: +996 (312) 61-46-21, 61-46-47, whats app +996 (559) 61-00-25. Fax: +996 (312) 61-00-25, e-mail: [email protected], website: www.senti.kg
