BAKU, Azerbaijan, May 28. An auction for the placement of bonds of Azerbaijani's International Bank will be held on Baku Stock Exchange on June 1, Trend reports with reference to the Stock Exchange.
A total of 20,000 bonds of the bank with a nominal value of 1,000 manat ($588) each with a term of circulation of two years and a profitability of six percent will be put up for the auction.
Accommodation underwriter is ABB-Invest Investment Company CJSC.
By the decision of the Listing Committee of the Baku Stock Exchange, the bonds of the International Bank of Azerbaijan with a total value of 20 million manat ($11.7 million) were included in the premium market list on May 18.