Yields on bonds of AccessBank in the new issue is 9%. In total, according to the Baku Stock Exchange (BSE), size of the issue is 10 million manat.
The Exchange plans to place 10,000 units of securities with par value of 1,000 manat.
The maturity period is one year, subject to quarterly interest payments.
Underwriter of the accommodation is LLC Pasha Capital. Attracting finance at 9%, the bank gives consumer loans at 18-30% per annum depending on the solvency ratios and the amount of credit taken by the client. At the same time the local population considers JSC AccessBank a gentle and punctual financial structure.
AccessBank has been operating in Azerbaijan since 2002. AccessBank shareholders are the European Bank for Reconstruction and Development, International Finance Corporation, the Black Sea Trade and Development Bank, Germany's KfW, Access Holding, and LFS Financial Systems GmbH. - 17D-
Economics
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