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Azerbaijani bank issues corporate bonds

Business Materials 19 December 2012 14:05 (UTC +04:00)
The State Securities Committee (SSC) of Azerbaijan has registered an issue of a prospectus of interest, unsecured, registered book-entry bonds of JSC ParaBank for a total amount of six million manat, the SSC said on Wednesday.
Azerbaijani bank issues corporate bonds

Azerbaijan, Baku, Dec.19 / Trend, A.Akhundov /

The State Securities Committee (SSC) of Azerbaijan has registered an issue of a prospectus of interest, unsecured, registered book-entry bonds of JSC ParaBank for a total amount of six million manat, the SSC said on Wednesday.

Within the issue prospectus 6000 bonds at par value of 1000 manat each will be issued.

Parabank was established on Dec.3, 1991. Just over 80 per cent of its shares are owned by five physical entities and the rest by 14 minority shareholders.

The official exchange rate is 0.7849 manat to $1 on Dec.19.

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