Bank Of Baku

Finance Leasing to place AZN 195 000 loans

Finance Leasing to place AZN 195 000 loans
# 09 October 2010 08:02 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan’s State Securities Committee registered emission prospects of Finance Leasing active loans.

Nominal value of a bond issue is AZN 500, number 390, emission total volume AZN 195 000, Baku Stock Exchange (BSE) told APA-Economics. The emission will be placed by BSE. Loan turnover period is 540 days. Chelsea Capital will be an underwriter of above-mentioned securities.

Finance Leasing was founded in March, 2007 by 16 local physical entities. The company is managing leasing operations and closely working with local producers and financial organizations (banks and insurance agencies). It focuses attention on funding physical entities, small and mid-sized enterprises. It has AZN 1.2 million registered capital.
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