The bonds of Azerbaijan's "International" non-banking credit organization (NBCO) with a total value of two million manat ($1.17 million) have been listed in the standard market segment by the decision of the Listing Committee of the Baku Stock Exchange (BSE), 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 20,000 bonds with a par value of 100 manat ($58.74) each with a circulation period of 18 months and a yield of 13 percent will be put up for auction.
The placement underwriter is AzFinance Investment Company OJSC.