BAKU, Azerbaijan, September 1. The Baku Stock Exchange (BSE) has held an auction for the placement of unsecured non-documentary bonds of Azerbaijan’s Kepez LLC non-bank credit organization (NBCO), Trend reports via BSE.
According to the stock exchange, bonds in the amount of one million manat ($590,000) with a circulation period of 48 months were put up for auction.
During the auction, one investor submitted one bid.
The annual rate of the bonds made up 16 percent, and the interest payments are made every 90 days.
Besides, the maturity date of the bonds is September 1, 2026.
The placement underwriter is AzFinance Investment Company CJSC.
