Credit House issued bonds for AZN 1 million

The State Committee for Securities registered the issue prospectus of interest-bearing book-entry unsecured bonds of Credit House for a total of 1 million manat. The par value of a bond is AZN 1,000, the period is 720 days and the annual interest rate is 8%.

According to the prospectus, the placement will be held through public offering at Baku Stock Exchange. Underwriter of the securities is LLC Chelsea Capital.

Non-bank credit organization Credit House operates since 2011. It is mainly focused its activities in the issuance of small and medium entrepreneurs and individuals business loans, micro loans, consumer loans, auto loans and term loans. - 15B -

 

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