Azerbaijan, Baku, Dec. 26 /Trend N.Ismayilova/
The State Securities Committee (SSC) of Azerbaijan registered a prospectus of non-certificated unsecured bonds of Bakcell LTD amounting to 40 million manat, the State Committee said in a statement on Friday.
Some 40,000 bonds with a par value of 1.000 manat each are registered in the issue. Placement of the bonds will be closed.
As part of this transaction, a subsidiary of the Azerbaijani Unibank, Unicapital will promote a large foreign investor to enter the Azerbaijani market. The acquisition of bonds worth 40 million manat is scheduled for the end of December, the bank told Trend
Unibank was established on Oct. 15, 2002 as a result of a merger between MBANK and PROMTEKHBANK private commercial banks. Unibank is a universal finance and credit institution offering retail and corporate services. The shareholders are financial institutions such as the European Bank for Reconstruction and Development (15.1515 per cent) and the German Investment Corporation DEG (8.3333 per cent).
Official exchange rate is 0.7863 AZN/USD