Bank Of Baku

Azerbaijan’s mobile phone operator issues AZN 40 mln bonds

Azerbaijan’s mobile phone operator issues AZN 40 mln bonds
# 24 December 2011 09:02 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan State Committee on Securities registered the mobile phone operator Bakcell’s offering memorandum of unsecured name uncertified bonds with interests rate.

Nominal price of a bond is AZN 1000. 40 000 bonds with total emission of AZN 40 mln are issued, the State Committee told APA-Economics.

According to the share analysts, Bakcell will start flotation of new emission soon using method of private placement.

Bakcell has been operating since 1994.
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