Azerbaijani bank issuing US dollar bonds

By  Trend

Azerbaijan’s Unibank OJSC issues bonds worth $10 million, said the Baku Stock Exchange (BSE) in a message.

The message says that this step is the second stage of consulting program for the listing of the BSE, which Unibank joined on October 26, 2017.

The bank plans to place 1,000 bonds with a par value of $10,000 each. The yield on the bonds will be six percent per year.

Unibank has been operating on the Azerbaijani market since 2002. The European Bank for Reconstruction and Development (EBRD) and the German investment corporation DEG are among the bank’s shareholders.