Technikabank’s interest-bearing book-entry bonds to be placed

Technikabank’s interest-bearing book-entry bonds to be placed
# 20 November 2006 13:04 (UTC +04:00)
The interest-bearing book-entry bonds of Technikabank OJSC will be placed at the Baku Stock Exchange from Nov.22.
BSE told APA that the volume of the issue is USD 2,000,000, the face value per bond USD 1,000, annual interest rate on bonds 14%, and the turnover period 730 days.
The placement will be held by means of initial public offering at Baku Stock Exchange. Capital management Limited will be the underwriter of bonds placement.
Those intending to purchase bonds can apply to an organization being the member of Baku Stock Exchange CJSC and having a brokerage license. /APA
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THE OPERATION IS BEING PERFORMED