State Committee for Securities registered the issue prospectus of interest-bearing book-entry unsecured bonds of TBCKredit, for a total of 2 million manat.
According to the prospectus, placement will be held through public offering at Baku Stock Exchange (BSE).
According to the BSE, the nominal value of bonds is 10 manats, the period is 360 days, and the annual interest rate is 7%. Underwriter of the securities is LLC ADB Broker.
TBC Kredit has been operational since early 2000. Its shareholders are TBC Bank (75%) and ShoreBank International (25%). - 15B -
Economics
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