BAKU, Azerbaijan, June 6. Azerbaijan's Bank BTB auctioned unsecured non-documentary bonds worth two million manat ($1.17 million) with a circulation period of six years at the Baku Stock Exchange (BSE) on June 6, Trend reports citing the BSE.
According to the BSE, one investor submitted one bid in the price range of 1,000 manat, or $588.58 (six percent).
The annual interest rate is nine percent. Interest payments are paid to investors every 30 calendar days.
The maturity date of the bonds is May 26, 2028.
The placement underwriter is BTB Capital Investment Company CJSC.
