On January 27, 2022, the “Opening Bell” ceremony was held at the Baku Stock Exchange to mark the first bond issue of “Unibank Commercial Bank” OJSC in the capital markets.
The underwriting service of the placement in the amount of 20 million manats was carried out by “Unicapital Investment Company” OJSC, a member of the BSE.
According to the listing rules of the Baku Stock Exchange, as a result of concluding a market maker agreement, these securities are listed in the premium market segment of the BSE. According to the market maker agreement, high liquidity and free circulation of securities are provided.
The BSE's premium market segment includes government securities, securities of international organizations of which the Republic of Azerbaijan is a member, including issuers that demonstrate high operational and financial performance with advanced organizational, financial, disclosure, and management standards.
In his opening remarks, Tahir Garibov, head of Unicapital Investment Company, said that the proceeds of the bond issue will be used by Unibank Commercial Bank to finance the real sector and expand the provision of advanced and digital services to customers.
The premium market segment, being the highest listed by the Exchange, demonstrates the company's sound financial performance, advanced corporate governance, and transparent reporting. Unibank is already the first local issuer from the corporate sector, whose third bond is included in the highest listing of the stock exchange.
