Kapital Bank, Azerbaijan's leading financial institution, considers issuing manat bonds for capital market expansion.
Azerbaijan's leading financial institution, Kapital Bank, is exploring the possibility of issuing manat bonds, as announced by its Chairman and CEO, Farid Huseynov. The bank aims to expand its presence in Azerbaijan's capital market, following the success of its $35 million bond placement. The new manat bonds, if issued, would be the first public placement of Kapital Bank's subordinated bonds, targeting an annual interest rate of 10%.
May 17, 2024
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