BAKU, Azerbaijan, November 29. The Baku Stock Exchange (BSE) held an auction for the placement of Azerbaijani Accessbank's unsecured paperless bonds worth $5 million with a circulation period of 18 months on November 29, Trend reports referring to the BSE.
According to the exchange, six investors submitted six bids during the auction. The auction price of the bonds was set at $1,000.
The annual interest rate is 5.5 percent, and interest payments are made every three days.
The maturity date of the bonds is May 29, 2024.
The placement underwriter is IBA-Invest Investment Company CJSC.