BAKU, Azerbaijan, May 5. The Baku Stock Exchange (BSE) has held an auction on the placement of book-entry bonds of Azerbaijan's Silk Way West cargo airline in the amount of $10 million, Trend reports citing the BSE.
According to the data, 10 investors submitted 10 bids during the auction.
The total amount of bids at nominal prices amounted to 11.12 million manat ($6.5 million).
The average weighted price of one bond made up $1,020.3993 (4.27 percent, 1,734.6679 manat).
The annual interest rate accounts for five percent, and interest payments will be paid every three calendar months.