BAKU/07.12.12/TURAN State Committee for Securities registered the issue of unsecured, interest-bearing book-entry registered bonds of JSC Bank of Baku for a total of 10 million manat. The par value of a bond is 1 AZN, the period - 3 years, the annual interest rate - 12%.
According to the prospectus, placement will be conducted by public subscription at the Baku Stock Exchange. The uriter will be LLC Pasha Capital.
Bank of Baku has been operating on the banking market since 1994. Shareholders are three businesses and two individuals, including Rafik Aliev (11.22% in the share capital) - brother of disgraced Economic Development Minister Farhad Aliyev. -15D -
Economics
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