BAKU, Azerbaijan, June 30. Azerbaijan's Bank BTB auctioned unsecured non-documentary bonds worth three million manat ($1.7 million) with a circulation period of six years at the Baku Stock Exchange (BSE) on June 30, Trend reports citing the BSE.
According to the BSE, two investors submitted three bids in the price range of 1,000 manat ($588.58).
The annual interest rate is nine percent, and interest payments are paid to investors every 30 calendar days.
The maturity date of the bonds is June 28, 2028.
The placement underwriter is BTB Capital Investment Company OJSC.
