Azerbaijan, Baku, Aug. 3 / Trend A.Akhundov /
The Baku Stock Exchange (BSE) starts placement of interest-bearing book-entry registered unsecured bonds of the leasing company Unileasing JSC for a total of four million manat, according to the BSE report.
The company applied to the exchange for inclusion of its bonds to the non-quotation list of BSE, the report says.
The issue includes 4,000 bonds with per value of 1,000 manat each. The turnover period is one year with annual rate of bonds at 10.5 percent and coupon payment undertaken on a quarterly basis. The placement's underwriter is Unicapital.
Those intending to purchase bonds may apply to an organization with membership in BSE and a brokerage license.
Unileasing was established in July 2004. The founders of Unileasing are commercial bank Unibank (66.67 percent) and the European Bank for Reconstruction and Development (33.33 percent).
The official exchange rate on August 3 is 0.7845 AZN / USD.