A Non-Resident Buys All Bonds of Bank of Baku

Business Materials 11 December 2006 21:00 (UTC +04:00)

Interest non-documentary name bonds of Bank of Baku OJSC has been placed in the Baku Stock Exchange (BSEX) today, Trend reports referring to a message spread by BSEX. The volume of the issue reached 1 mln. AZN. All the volume placed was bought by one legal person-non-resident.

The face value of one bond was 100 AZN. The bonds were sold at the same value.

The yield on the bonds was set at the amount 14%, with the circulation period of one year (365 days).