TODAY.AZ / Business

Issue prospectus of interest-bearing book-entry bonds of Bank of Baku registered

29 August 2006 [09:18] - TODAY.AZ
The State Committee for Securities registered the issue prospectus of interest-bearing book-entry bonds of "Bank of Baku" OJSC.

As APA reports, the volume of the issue is AZN 2,000,000, the face value per bond AZN 1 00, annual interest rate on bonds 14%, and the turnover period 720 days.

Placement of interest-bearing book-entry registered bonds of "Bank of Baku" OJSC will be carried out starting from August 29, 2006. Interests on bonds are evaluated from the face value of bonds and paid upon the end of 180 calendar days from the beginning of placement.

The second payment of interests is carried out upon the end of 360 calendar days from the beginning of placement. The third payment of interests is carried out upon the end of 540 calendar days from the beginning of placement.

The final payment of interests is carried out simultaneously with redemption of bonds. According to the issue prospectus, placement will be held by means of initial public offering at Baku Stock Exchange. Bank of Baku OJSC will be the underwriter of bonds placement.

URL: http://www.today.az/news/business/29494.html

Print version

Views: 1665

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: