BAKU, Azerbaijan, April 29. An auction for the placement of unsecured non-documentary bonds of Azerbaijan’s Bank Respublika was held at the Baku Stock Exchange (BSE) on April 28, Trend reports citing the BSE.
According to the BSE, during the auction, 10 investors submitted 12 bids in the price range from 999 manat or $587.65 (8.5554 percent) to 1,002 manat or $590 (8.38 percent).
The total amount of the bids at nominal prices and the placement volume equaled 15 million manat ($8.8 million).
The maturity date of the bonds is April 28, 2024.
The placement underwriter is “IBA – Invest” Investment Company CJSC.