BAKU, Azerbaijan, June 1. The International Bank of Azerbaijan (IBA) auctioned unsecured non-documentary bonds worth 20 million manat ($11.77 million) with a circulation period of two years at the Baku Stock Exchange (BSE) on June 1, Trend reports citing the BSE.
According to the BSE, nine investors submitted nine bids in the price range of 1,000 manat, or $588.58 (six percent).
The total amount of bids at nominal prices amounted to 20 million manat ($11.77 million), as well as the placement volume was 20 million manat ($11.77 million).
The placement underwriter is IBA-Invest Investment Company CJSC.