BAKU, Azerbaijan, June 6. The bonds of Legion Financial LLC with a total value of 500,000 manat ($294,117) were included in the listing of the standard market segment by the decision of the Listing Committee of the Baku Stock Exchange (BSE) on June 5, Trend reports.
The bonds will be placed on the BSE at a single price. Investors will be able to find out the auction date on the BSE website at least two workdays before the start of the placement.
A total of 500 bonds with a nominal value of 1,000 manat ($588.24) each with a yield of 15 percent will be put up for auction, coupon payments will be made every 30 days.
The underwriter of the placement is AzFinance Investment Company CJSC.