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Bonds of Azerbaijan's Finance for Development LLC listed on Baku Stock Exchange

Finance Materials 1 August 2022 16:14 (UTC +04:00)
Bonds of Azerbaijan's Finance for Development LLC listed on Baku Stock Exchange
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 1. By the decision of the Listing Committee of the Baku Stock Exchange (BSE), bonds of Azerbaijan's Finance for Development LLC Non-Banking Credit Organization (NBCO) with a total value of one million manat ($588,255) were listed in the standard market segment on July 29, Trend reports citing the BSE.

The bonds will be placed on the Baku Stock Exchange at a single price. The date of the auction will be announced to investors on the BSE website at least two business days before the start of the placement.

A total of 10,000 bonds with a par value of 100 manat ($58.82) each with a circulation period of two years and a yield of 12 percent will be put up for auction.

The placement underwriter is AzFinance Investment Company CJSC.

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