By the decision of the Listing Committee of the Baku Stock Exchange (BSE), bonds of Azerbaijan's Finance for Development LLC Non-Banking Credit Organization (NBCO) with a total value of one million manat ($588,255) were listed in the standard market segment on July 29, Trend reports citing the BSE.
The bonds will be placed on the Baku Stock Exchange at a single price. The date of the auction will be announced to investors on the BSE website at least two business days before the start of the placement.
A total of 10,000 bonds with a par value of 100 manat ($58.82) each with a circulation period of two years and a yield of 12 percent will be put up for auction.
The placement underwriter is AzFinance Investment Company CJSC.