BAKU, Azerbaijan, April 21. Bonds of Azerbaijan’s Bank Respublika worth 15 million manat ($8.8 million) were included in listing of standard market segment, by decision of Baku Stock Exchange (BSE) Listing Committee, on April 21, Trend reports citing the BSE.
The bonds will be placed at BSEat a single price. Investors will be able to find out the date of auction on BSE website at least two working days before the start of placement.
Total of 15,000 bonds with par value of 1,000 manat ($588.2) each with a circulation period of 24 months and an interest yield of 8.5 percent will be put up for auction.
The placement underwriter is IBA - Invest Investment Company” CJSC.