Baku. Nijat Mustafayev – APA-Economics. Subscription for the unsecured interest bonds of Bank of Baku OJSC has opened.
The Baku Stock Exchange informs that the bonds were included in its non-quotation list.
“Their exchange sales will commence since 14 December,” it was reported.
On 3 December the State Securities Committee of Azerbaijan registered an issue prospectus of Bank of Baku’s bonds for AZN 10 million (10,000 bonds with par value of AZN 1,000) under number AZ200600536. Bank of Baku also fixed annual rate of bond return of 12% with quarterly interest payments. The bonds will have a circulation period of 3 years. The underwriter of the offering is Pasha Kapital Ltd (Pasha Capital).
Bank of Baku was founded in 1994.
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