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, APA-Economics reports.
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 https://kapitalbank.az website, 196 Call Centre or the bank’s various social network pages. To apply for a consumer loan visit https://kbl.az/prgtk, for a Birbank installment card visit https://kbl.az/prcrc.
