BAKU, Azerbaijan, October 12. The Baku Stock Exchange (BSE) will hold auction for the placement of Azerbaijan's 'International' non-bank credit organization (NBCO) on October 14, Trend reports via BSE.
A total of 20,000 bonds with a par value of 100 manat ($58) 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 CJSC.
The bonds of 'International' 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) on September 9.
