Bank Of Baku

TBC Credit non-banking organization preparing for bond issuance

TBC Credit non-banking organization preparing for bond issuance
# 11 April 2013 07:07 (UTC +04:00)

 

Baku. Nijat Mustafayev – APA-Economics. The State Committee for Securities registered the issue prospectus of interest-bearing book-entry registered unsecured bonds of LLC “TBC Bank”.

 

According to the issue prospectus, placement will be held by means of initial public offering at Baku Stock Exchange (BSE).

 

State registration number

AZ2001019168

Issue volume

2 000 000 AZN

Quantity of bonds 

200

Par value   

10 000AZN

Turnover period

360 days

Annual rate of bonds

7 %

Coupon payment period

90 days

Underwriter

ADB Broker  LLC

 

Those intending to purchase bonds can apply to an organization being the member of BSE and having a brokerage license.

The issue prospectus of bonds of LLC “TBC Bank” 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