Azerbaijan, Baku, Dec.13 / Trend, N.Ismayilova /
Profitability of interest book-entry registered unsecured bonds of Azerbaijani Unibank, registered in December, hits 11 percent, Baku Stock Exchange said on Monday.
Earlier the State Securities Committee (SSC) of Azerbaijan registered issue prospectus of Unibank worth 20 million manat. Within the issue prospectus, 400 bonds with par value of 50,000 manat each were issued.
Turnover period of the bonds is 1,080 days, while interest payment period - 90 days. Underwriter of the issue placement is Unicapital.
Unibank was established on Oct. 15, 2002 as a result of a merger of the two advanced MBANK and PROMTEKHBANK private commercial banks. Unibank is a universal finance and credit institution offering retail and corporate services. The shareholders are financial institutions such as the European Bank for Reconstruction and Development (15.1515 percent) and the German Investment Corporation DEG (8.3333 percent).
The official exchange rate is 0.7864 manat to $1 on Dec.13.