Azerbaijani Kapital Bank issues unsecured bonds
Azerbaijan, Baku, Jan. 5 / Trend I.Khalilova /
The State Securities Committee (SSC) has registered the issue prospectus of interest-bearing book-entry registered and unsecured bonds of Kapital Bank for a total amount of 60 million manat, the State Committee published on its website.
60,000 units of bonds at par value of 1,000 manat are registered within the issue. Kapital Bank is planning a private placement of its bonds.
Kapital Bank is the second largest bank in Azerbaijan by assets and retail deposits as of the end of 2011.
Kapital Bank has the widest branch network and a large customer base. To date, 89 branches and 11 offices of the bank are operating throughout the country.
Until the summer of 2008 Kapital Bank was fully state-owned. Currently, the main shareholder of Kapital Bank is Pasha Holding, which owns 97.75 percent of the shares.