Bonds of Bank Standard to be placed at BSE

BSE told APA that the volume of the issue is AZN 2,000,000, the face value per bond 1,000 AZN, annual interest rate on bonds 14%, and the turnover period 3 years.

The placement date of interest-bearing book-entry registered bonds of Bank Standard CJSC CB - September 07, 2006.

Interests on bonds are evaluated from the face value of bonds and paid upon the end of every 6 months 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. Standard Capital LLC will act as an underwriter of bonds placement.