Baku Stock Exchange on April 23 begins placement of unsecured interest-bearing book-entry bonds of non-bank credit organization, LLC TBC Credit.
The State Committee for Securities registered at the beginning of this month issue prospectus of TBC Credit 2 million manat. The nominal value of one bond is 10 manats, the period is 360 days, the annual interest rate is 7%. Underwriter of the securities is LLC ADB Broker.
TBC Credit has been operational since early 2000. Its shareholders are TBC Bank (75%) and ShoreBank International (25%). - 15B -
Economics
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