BAKU, Azerbaijan, September 2. The Baku Stock Exchange (BSE) will hold auction for the placement of unsecured non-documentary bonds of Azerbaijan’s Kepez LLC non-bank credit organization (NBCO) on September 6, Trend reports via BSE.
A total of 1,000 bonds with a par value of 1,000 manat ($588) each with a circulation period of 48 months and a yield of 14 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 Kepez LLC worth 2 million manat ($1.1 million) were listed in the standard market segment on August 26, 2022.