Bank Of Baku

BSE holds placement of Technikabank’s bonds

BSE holds placement of Technikabank’s bonds
# 13 March 2007 10:30 (UTC +04:00)
As from March 13, Baku Stock Exchange has begun to hold the placement of Technikabank’s two issues of interest-bearing book-entry bonds.
The amount of the first issue is AZN 2,000,000, the face value per bond AZN 1,000, interest rate on bonds 14%, and the turnover period 5 years (1825 days).
The amount of the second issue is USD 4,000,000, the face value per bond USD 1,000, interest rate on bonds 15%, and the turnover period 5 years (1825 days).
According to the issue prospectus, placement will be held through initial public offering at Baku Stock Exchange. Technika Capital Management LLC will underwrite the placements.
Those intending to purchase bonds can apply to any BSE-member organization having a brokerage license. /APA-Economics/
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