BAKU, Azerbaijan, April 1. An auction was held at the Baku Stock Exchange (BSE) to place unsecured book-entry bonds of Azerbaijan Supermarket LLC in the amount of 10 million manat ($5.8 million) with a circulation period of three years, on March 31, 2022, Trend reports citing the BSE.
According to the BSE, 11 investors submitted 14 bids during the auction. The annual interest rate on the bonds is 10.5 percent and interest payments are paid every three calendar months.
The total amount of bids at nominal prices amounted to 18.7 million manat ($11.04 million), the volume of placement of bonds at a nominal price – 10 million manat ($5.8 million).
The underwriter of the placement is PASHA Capital Investment Company CJSC.