Azerbaijani leasing company to issue unsecured bills

Business Materials 26 May 2011 11:14 (UTC +04:00)

Azerbaijan, Baku, May 26 / corr Trend A.Akhundov /

Azerbaijani leasing company Unileasing has registered at the Azerbaijani State Securities Committee (SSC) an emission prospect of unsecured interest bearing nominal paperless bills for 5 million manats, the SSC announced.

The company issued 5,000 bills with the nominal cost of 100 manat each.

In accordance with the emission, placing will be carried out by mass subscription method at the Baku Stock Exchange.

The regular meeting of the Unibank Supervisory Board took a decision to establish UniLeasing on Feb.24, 2004.

The company passed official registration on June 17, 2004.

The company renders services on funding the purchase of passenger cars, trucks, construction equipment, industrial and medical equipment, and residential and commercial property.

UniLeasing founders are Unibank (66.67 percent) and EBRD (33.33 percent).

The company's authorized capital is 1.8 million manat.