News Column

Azerbaijani non-banking credit organization starts placing bonds

July 16, 2014

Baku, Azerbaijan, July 16

By Emin Aliyev - Trend:

The placement of the Finex Credit OJSC interest-bearing book-entry registered unsecured bonds at the Baku Stock Exchange (BSE) is planned to start on July 17.

The issue volume is 195,000 AZN, according to a message from the BSE.

Some 390 bonds at par value of 500 AZN each have been issued as part of the emission.

The annual rate of bonds will stand at 14 percent, and the turnover period will be 720 days. Coupon payment will be carried out once in 90 days.

The deal's underwriter is Texnika Capital Management LLC.

The official exchange rate is 0.7844 AZN/USD as of July 16.

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Source: Trend News Agency (Azerbaijan)

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