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Omni Financeâ€™s bond sales starts on Baku Stock Exchange

Omni Financeâ€™s bond sales starts on Baku Stock Exchange

16 December 2009 16:15 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. On 16 December 2009, interest-bearing book-entry registered secured bonds of â€œOMNI Financeâ€ non-banking lending institution with the state registration number AZ200100886 were admitted to the unquoted list of Baku Stock Exchange (BSE).

Sale of the bonds will start from 16 December of 2009.

State registration numberÂ	AZ200100886Â
The volume of the isueÂ	AZN 500 000Â
Quantity Â	500Â
Par valueÂ Â Â Â	AZN 1 000 Â
Term of circulationÂ	365 daysÂ
Interest rateÂ	14%Â
Coupon Payments scheduleÂ	On last business day of the quarter starting from the day of placementÂ
UnderwriterÂ	Â â€œekhnika Ð¡apital Management LLCÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â

Owned by 3 local individuals, Omni Finance launched operation in 2003.
It currently operates branches in Beylagan, Agdjabedi and Sumgait.

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