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Tsentralny Supermarket puts currency interest bonds into circulation

Companies and Markets
17:05 | 23.05.2017 | Business-News

One of the oldest trade organizations of Minsk, Tsentralny Supermarket, has declared an issue of currency interest bonds in US dollars.

 

The individuals and legal entities will be able to buy securities from May 18 at the price of USD 1,000 per bond.

 

The interest rate is 6.5% per annum.

 

The bond yield will be paid once a year. The prior redemption will be once a year. The bonds are issued by the largest Belarusian bank, ASB Belarusbank. The circulation period is 10 years.

 

Tsentralny Supermarket is a closed joint-stock company with about one hundred and fifty shareholders. They are individuals and legal entities. The current and ex-employees of the supermarket are also shareholders.

 

The main goal is to attract money to repair the supermarket building and fully replace the shop fittings that will allow increasing its attractiveness for the customers, expanding the range of products, and increasing revenues.

 

Besides, the supermarket plans to develop itself into the regional network according to Andrey Zastensky, the Director of Tsentralny CJSC.

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