The relatively new (in force since October 2013) non-bank credit organization FinEx Credit has begun the placement of bonds in the amount of $ 400 thousand.
According to the Baku Stock Exchange (BSE), the issue of unsecured securities is included in the non-quotation list of BSE and is divided into 800 units of par value of $ 500 per bond.
The term of the accommodation is 720 days and the yield is 14% per annum. The underwriter of the bonds placement is LLC Tekhnika Capital Management. The placement is made by public subscription.
According to the official proposal, FinEx Credit plans to use the proceeds from the bond issue to finance leasing operations of small and medium enterprises in Azerbaijan.
NBCO FinEx Credit was registered in 2013. Its authorized capital is 500 thousand manat. The shareholders are one entity and two individuals. --17D-
Economics
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