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Azerbaijani non-bank credit organization to place bonds on Baku Stock Exchange

Finance Materials 11 March 2022 17:41 (UTC +04:00)
Azerbaijani non-bank credit organization to place bonds on Baku Stock Exchange

BAKU, Azerbaijan, March 11

Trend:

An auction for the placement of bonds of non-bank credit organization Finca Azerbaijan will be held at the Baku Stock Exchange (BSE) on March 15, Trend reports citing the BSE.

A total of 3,000 bonds with a nominal value of 1,000 manat ($ 588.2) each with a circulation period of 2 years and a yield of 12.5 percent annual will be put up for auction.

The placement underwriter is Az Finance CJSC.

Finca Azerbaijan bonds worth 3 million manat ($1.7 million) were included in the listing of the standard market segment on March 1, 2022, by the decision of the Listing Committee of BSE.

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