Subscription Process For 50 Million AZN Kapital Bank Bonds Has Been Completed
Date
6/11/2024 8:09:48 AM
(MENAFN- Trend News Agency)
Kapital bank has successfully completed the subscription
placement of the first tranche of its bond issuance, which amounts
to 50 million AZN out of a total of 100 million AZN. This placement
took place at the Baku Stock Exchange.
The total volume of orders reached 96.091 600 AZN, with 42
investors participating in the placement. Of the bonds placed,
22.9% were purchased by individual investors, while 77.1% were
acquired by institutional investors.
Each bond has a nominal value of 100 AZN, an annual interest
rate of 10%, with interest payments made every 30 days, and a
maturity period of 1 year. The bonds are non-documentary,
registered, interest-bearing, and unsecured. The underwriter for
this placement is“PASHA Capital Investment Company” JSC.
Kapital Bank, the country's first bank, is part of PASHA
Holding. Kapital Bank has the largest service network in Azerbaijan
with 120 branches and 53 departments all over the country. For more
detailed information about the bank's products and services, please
refer to website, 196
Call Centre or the bank's various social network pages. To apply
for a consumer loan visit , for a Birbank
installment card visit .
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