Associate Professors of the Department "Valuation and Investments" E.Nosirov and M.Raimjanova organized the field study

Associate Professors of the Department "Valuation and Investments" E.Nosirov and M.Raimjanova organized the field study

 On December 6, 2019, an associate Professors of the Department "Valuation and Investments" of Tashkent financial Institute, E.Nosirov and M.Raimjanova organized the field study for students of group IB-1 of Master program on the subject of "Investment project management" and “Economic valuation of investments”.

 

 The field study was carried out in Yunusabad branch of JSCB "Uzpromstroybank". The field study was conducted by first deputy of Manager Rapiev Tulkin Fayzullayevich. According to his words, investors highly rated 300 million USD worth international bond of JSCB “Uzpromstroybank” listed on the London Stock Exchange and traded on the international capital markets. On November 25 this year, following the recommendations of financial advisers, the bank's initial yield for 5-year international bonds was set at 6.5% and the transaction was announced at 08:23 London time. The volume of orders at 10:00 am was 300 million. USD (transaction fully covered) and 800mln USD at 12:10 (the transaction is fully covered 2.5 times).

 

 At 12:25 pm the bond yield was reduced by 0.125% and the new rate was announced at 6.375%. Investors were pleased with this strategy and by 13:05 the volume of orders was 1 billion USD. At 2:00 pm, the book of orders was closed with 1.2 billion USD (the transaction is fully covered more than 4 times). Due to this high demand, financial advisors were able to lower the profitability rate by 6%. The transaction was closed at 5:00 pm London time at 5.75% coupon rate.

 

 

17:35 / 2019-12-07
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