BAKU, Azerbaijan, August 23. CredAgro LLC non-bank credit organization plans to issue bonds worth 1 million manat ($588,235), Trend reports citing the Central Bank of Azerbaijan (CBA).
According to CBA, the decision to issue bonds was made by the sole founder of Agromostfinance LLC Russian company on June 28, 2022.
The issue is divided into 10,000 bonds with a nominal value of 100 manat ($58) per security, the circulation period is 18 months, and the coupon rate is 11 percent per annum (the coupon payment will be made every 90 days).
The bonds will be placed in two tranches of 500 thousand manat ($294) each.
