The State Committee for Securities registered the issue prospectus of interest-bearing book-entry registered bonds of Bank Standard CJSC CB. Trend reports with reference to SCS release, The volume of the issue is USD 6,000,000, the face value per bond USD 1,000, annual interest rate on bonds 14,5%, and the turnover period 3 years.
The placement date of interest-bearing book-entry registered bonds of Bank Standard CJSC CB is August 1, 2006.
Interests on bonds are evaluated from the face value of bonds and paid upon the end of every 6 months from the beginning of placement. The final payment of interests is carried out simultaneously with redemption of bonds.
According to the issue prospectus, placement will be held by means of initial public offering at Baku Stock Exchange. Standard Capital LLC will be the underwriter of bonds placement. Those intending to purchase bonds can apply to an organization being the member of Baku Stock Exchange CJSC and having a brokerage license.