An auction was held for the placement of bonds of "Kapital Bank" OJSC
On April 17, 2024, at the Baku Stock Exchange, each of the interest-bearing, unsecured undocumented bonds of "Kapital Bank" OJSC, state registration number AZ2008005152, with a total value of 35,000,000 (thirty five million), has a maturity of 7 years, the placement auction with a nominal value of 100 USD has been completed.
During the auction, 104 order was submitted by 104 investor. The annual interest rate of the bonds is 7%, and the interest payment period is quarterly (no later than the next 3 business days after the end of each 90 calendar days).
The total amount of the orders with the auction price of 100 USD at the nominal price was 35,000,000 USD. The volume of bonds placed at nominal price was 35,000,000 USD.
The maturity date of the bonds is April 17, 2031.
The underwriter for placement is "Pasha Capital Investment Company" CJSC.
Note: Loans are issued in the form of subordinate debt with a term of 7 years.
Subordinated debt obligations are liabilities that are paid when due according to the terms of issuance, are not secured by the bank's assets, are not reclaimed at the demand of the owner, and are fulfilled only after the demands of depositors and other creditors of the bank are fully met upon the liquidation of the bank.
