As previously reported,
Kapital Bank has completed the placement of the first tranche of its bond
issuance, totaling 50 million manats, out of the planned 100 million manats. On
June 13, the second tranche, also totaling 50 million manats, was listed in the
premium market segment.
The bonds will be placed
through a subscription process at the Baku Stock Exchange. The subscription,
which started on June 14, will last for 5 business days and will conclude on
June 25, 2024. The placement of the bonds will take place on June 27, 2024.
Each bond has a nominal value
of 100 manats, an annual interest rate of 10%, and an interest payment period
of every 30 days. The bonds have a maturity period of 1 year. They are
uncertificated, registered, interest-bearing, and unsecured. The underwriting
of the placement is handled by "PASHA Capital Investment Company"
CJSC.
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