Today, "Bank of Baku" will begin placing on BSE bonds worth 10 million manat.
BSE, placement of unsecured bonds included in the quotation list will be held in the framework of two issues, divided equally.
Circulation period of the first 5 million (5 million bond for each one thousand manat) - 38 months, the second half will be paid after 34 months. The yield on the two emissions - 12%.
Underwriter of both bond issues is LLC
Open Joint Stock Company "Bank of Baku", founded on 14 February 1994 and is one of the first commercial banks of Azerbaijan.
The Bank has 19 branches and more than 500 thousand clients. International rating agency Moody's has assigned a rating to the Bank of B2 with a positive outlook.
Over the past two years the bank's assets increased 2-fold, reaching a size of more than 500 million manats.
The authorized capital is 52.87 million manat (3.4 million shares at 15.55 manats each). Equity capital - 95 million manat. - 17D-
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