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BSTDB prepares for bond emission in Azerbaijan

BSTDB prepares for bond emission in Azerbaijan

20 June 2013 12:33 (UTC +04:00)

Baku. Nijat Mustafayev – APA-Economics. The Black Sea Trade and Development Bank (BSTDB) intends to borrow funds from Azerbaijan’s financial market, said the BSTDB President Andrey Kondakov.

According to him, BSTDB has agreed on bond emission with the volume of RR 10 bln and term of circulation of 3-5 years: “In August, 2012, we have placed our bonds in Swiss markets. Firstly we planned to issue bonds in amount of 100 bln Swiss Franc. But the emission made 200 mln Swiss Franc at the rate of LIBOR+250 basis points”.

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