Kapital Bank to place corporate bonds in international market

Kapital Bank told APA that the projects would come true after the current bank transactions system complete.

The corporate bonds to be issued in national and foreign currency are planned for placement in the international market.

The aggregate capital of the Kapital Bank is AZN 24m, nominal capital is AZN 12m.

In Azerbaijan there are two state-owned banks – the International Bank of Azerbaijan and Kapital Bank. The State holds a 50.2 stake in the authorized capital of the IBA, and 100% of the nominal capital of the Kapital Bank.