JSC Uni Bank has amended the repayment terms for the interest-bearing bonds of debt conversion released in December 2010.
The Financial Market Control House registered the changes by its letter on 6 May, the bank stated (https://disclosure.az/araclar/uploads/2016/05/Aaa1.pdf). However, the same report notes that the redemption of the bonds at the nominal value was partly carried out on April 15 of this year, i.e. before the formal approval by the supervisory authority. It is about bonds totaling $ 2.5 million on the nominal value.
The rest of the value of the bonds (22.5 million USD) will be paid on May 16 this year. In fact, the bank extended the maturity of the bonds to investors for 30 days. With the release of these bonds it was assumed that at full pay of the interest on them and their repayment they could be converted into shares. ---- 08D
Economics
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