BAKU, Azerbaijan, January 25. An auction for placing bonds of Azerbaijani ‘Azkredit’ JSC NBCO (non-banking credit organization) will be held at the Baku Stock Exchange (BSE) on January 26, Trend reports via the BSE.
A total of 500 bonds with a par value of 1000 manat ($58) each with a circulation period of 1 year and a yield of 8 percent will be put up for auction.
The placement underwriter is INVEST-AZ Investment Company CJSC.
Bonds of ‘Azkredit’ NBCO with a total value of 500,000 manat ($294,120) were listed in the standard market segment on January 23, by the decision of the Listing Committee of the Baku Stock Exchange (BSE).
Baku Stock Exchange JSC was established on August 27, 1997. Since its establishment, BSE has been the only stock exchange organized in the stock sector of Azerbaijan. Today, Baku Stock Exchange is an exchange with an annual turnover of over 14 billion manat ($8.2 billion), unique history, strong relations with professional participants of the stock market and partnership relations with many foreign stock exchanges.