Azerbaijani State Committee for Securities Registers Issue Prospectus of AtaLeasing
Azerbaijan, Baku, 19 April / Trend / The State Committee for Securities registered the issue prospectus of interest-bearing book-entry registered bonds of "AtaLeasing" OJSC.
The volume of the issue is AZN 500,000, the face value per bond AZN 1.000, annual interest rate on bonds 14%, and the turnover period 1080 days.
According to the issue prospectus, placement will be held by means of initial public offering on Baku Stock Exchange. "AzerInterTrade" LLC will be the underwriter of bonds placement.
Those intending to purchase bonds can apply to an organization being the member of "Baku Stock Exchange" CJSC and having a brokerage license. The issue prospectus of bonds of "AtaLeasing" OJSC is placed on the web-site of the Baku Stock Exchange.
In August 2005, Ataleasing for the first time amongst leasing companies of Azerbaijan issued bonds in Baku Stock Exchange for two years term. The nominal cost of one bond is $100, totally there were issued 5,000 bonds. In September 2007, Ataleasing issued second nominal bonds for three years term for more appropriable conditions.
Ata leasing is a daughter company of the Ata Bank, has been operating in the leasing market of Azerbaijan since 2004.