On
January 8, 2025, Kapital Bank launched the subscription process for its
subordinated bonds, valued at $25 million USD. These bonds were available for
purchase through Kapital Bank’s branches starting January 10, 2025, for a
period of 12 days. The subscription and placement of the bonds, carried out via
the Baku Stock Exchange, successfully concluded on January 24, 2025.
The
placement attracted the participation of 120 investors, with the total orders
reaching $25 million USD. Each bond carries a nominal value of $100 USD and
offers an annual interest rate of 7%. Interest payments are made monthly, every
30 days, and the bonds have a maturity period of seven years. The placement was
underwritten by PASHA Capital
Investment Company.
For more information: https://kbl.az/ib
It
is important to note that in 2024, Kapital Bank achieved remarkable success in
the bond market, issuing seven bond placements totaling $145 million USD and
100 million AZN. A significant milestone was reached last year, as the bank
introduced bond subscription services directly through its branch network for
the first time. Overall, more than 450 investors participated in these
subscriptions, with retail investors showing notable enthusiasm. Additionally,
Kapital Bank’s bonds were actively traded on the secondary market, with trading
volumes exceeding 52 million AZN among investors.
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