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Azerbaijan's "International" NBCO puts up bonds for auction

Finance Materials 7 June 2022 20:37 (UTC +04:00)
Azerbaijan's "International" NBCO puts up bonds for auction
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, June 7. Azerbaijan's "International" non-banking credit organization (NBCO) auctioned unsecured non-documentary bonds worth two million manat ($1.17 million) with a circulation period of 18 months at the Baku Stock Exchange (BSE) on June 7, Trend reports citing the BSE.

According to the BSE, seven investors submitted seven bids.

The annual interest rate is 13 percent, and interest payments are paid to investors every three calendar months.

The maturity date of the bonds is December 7, 2023.

The placement underwriter is AzFinance Investment Company CJSC.

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