Bank Of Baku

“AZEL” CJSC bonds placement starts

“AZEL” CJSC bonds placement starts
# 14 July 2009 14:18 (UTC +04:00)
Starting from July 15 of 2009 placement of interest-bearing book-entry registered bonds of “AZEL” CJSC will be started on BSE.
The volume of the issue is USD 3,000,000, the face value per bond USD 100, annual interest rate on bonds 14%, and the turnover period 730 days.
According to the issue prospectus, placement will be held by means of initial public offering at Baku Stock Exchange. “Yapi Kredi İnvest” LLC will be the underwriter of bonds placement. Those intending to purchase bonds can apply to an organization being the member of “Baku Stock Exchange” CJSC and having a brokerage license.
The issue prospectus of interest-bearing book-entry registered bonds of “AZEL” CJSC will be published on the website of Baku Stock Exchange (www.bfb.az) at “Issuers” section.
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THE OPERATION IS BEING PERFORMED