Azerbaijan, Baku, July 8 / Trend /
The State Committee for Securities registered the issue prospectus of interest-bearing book-entry registered bonds of "AZEL" CJSC, Baku Stock Exchange said on July 8.
The volume of the issue is $3 million, the face value per bond $100, annual interest rate on bonds 14percent, and the turnover period 730 days.
According to the issue prospectus, placement will be held by means of initial public offering at Baku Stock Exchange. "Yapi Kredi İnvest" 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.
On July 8, the official exchange rate is 0.8043 manat to $1.