BAKU, Azerbaijan, August 2. The Baku Stock Exchange (BSE) will hold an auction for the placement of bonds of Azerbaijan's Finance for Development LLC Non-Banking Credit Organization (NBCO) on August 4, Trend reports citing the BSE.
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.
By the decision of the Listing Committee of the Baku Stock Exchange (BSE), bonds of Azerbaijan’s Finance for Development LLC NBCO worth one million manat ($588,589) were listed in the standard market segment on July 29, 2022.