BAKU, Azerbaijan, December 21. The Baku Stock Exchange (BSE) will hold an auction for the placement of bonds of Azerbaijan's "AzeSteelCompany" JSC on December 22, Trend reports citing the BSE.
A total of 1,500 bonds with a par value of 1,000 manat ($588) each with a maturity of 24 months and a yield of 10 percent will be put up for auction.
The placement underwriter is "AzFinance İnvestisiya Şirkəti" JSC insurance company.
By the decision of the BSE Listing Committee, the bonds of "AzeSteelCompany" JSC with a total value of 1.5 million manat ($880,000) were listed in the standard market segment on October 4.