BAKU, Azerbaijan, June 6. The Baku Stock Exchange (BSE) will hold an auction for the placement of bonds of the Azerbaijani 'International' non-banking credit organization (NBCO) on June 7, Trend reports citing the BSE.
A total of 20,000 bonds with a par value of 100 manat ($58.82) each with a circulation period of 18 months and a yield of 13 percent will be put up for auction.
The placement underwriter is AzFinance Investment Company CJSC.
By the decision of the Listing Committee of the Baku Stock Exchange (BSE), bonds of 'International' NBCO worth two million manat ($1.17 million) were listed in the standard market segment on March 11, 2022.