BAKU, Azerbaijan, November 21. Bonds of Azerbaijan's AccessBank CJSC non-banking credit organization (NBCO) with a total value of five million manat ($29.4 million) were listed in the standard market segment on November 21, by the decision of the Listing Committee of the Baku Stock Exchange (BSE), Trend reports citing the BSE.
The bonds will be placed on the Baku Stock Exchange at a single price. The bond auction date will be announced on the BSE website at least two business days before the start of the placement.
A total of 5,000 bonds with a par value of $1,000 each with a circulation period of 18 months and a yield of 5.5 percent will be put up for auction.
The placement underwriter is Azerbaijan's IBA-Invest Investment Company CJSC.