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Azerbaijani bank places bonds

Business Materials 10 October 2011 18:50 (UTC +04:00)
“Parabank” applied to CJSC “Baku Stock Exchange” (BSE) for inclusion of its interest-bearing book-entry registered unsecured bonds to the non-quotation list of BSE.
Azerbaijani bank places bonds

Azerbaijan, Baku, Oct. 10 / Trend N. Ismayilova /

"Parabank" applied to CJSC "Baku Stock Exchange" (BSE) for inclusion of its interest-bearing book-entry registered unsecured bonds to the non-quotation list of BSE.

The start of the OJSC "Parabank"s bonds placement is planned to be held beginning from October 11, 2011.

The issue volume is 10 million manat.

Quantity of bonds is 10,000 par value 1,000 manat.

Turnover period is 1,800 days.

Annual rate of bonds is 15 percent.

Coupon payment period is 90 days.

Underwriter is Unicapital.
The official exchange rate is 0,7869 manat to $1.

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