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Azerbaijani leasing company enters corporate bond market

Business Materials 29 December 2011 15:23 (UTC +04:00)
The State Securities Committee (SSC) of Azerbaijan registered the issue prospectus of unsecured interest-bearing book-entry registered bonds of the leasing company Qafqaz Lizinq to the sum of two million manat
Azerbaijani leasing company enters corporate bond market

Azerbaijan, Baku, Dec 29 /Trend N.Ismayilova/

The State Securities Committee (SSC) of Azerbaijan registered the issue prospectus of unsecured interest-bearing book-entry registered bonds of the leasing company Qafqaz Lizinq to the sum of two million manat, SSC said on Wednesday.

The release of the 2000 bonds with a nominal value of 1000 manat is being issued.

It is the second bond issue of the leasing company in 2011. JSC Qafqaz Lizinq registered a prospectus of bonds amounted to 1.5 million manat in August 2011. The number of securities in the issue was 1500 shares at a par value of 1000 manat.

Ltd. Qafqaz Lizinq is a financial leasing company. It is fully owned by the Turkish group of companies NAB, which is the founder.

Official exchange rate on Dec 29 is 0.7862 AZN/USD

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