BAKU, Azerbaijan, December 27. Azerbaijan's CPM Invest OJSC auctioned unsecured interest unpledged simple registered paperless bonds worth 400,000 manat ($235,290) at the Baku Stock Exchange (BSE), Trend reports citing the BSE.
According to the stock exchange, during the auction, one investor submitted one bid.
Totally, 400 bonds each with a par value of 1,000 manat ($588.2) were put up for auction.
The placement underwriter is CPM Invest OJSC.
Thus, the authorized capital of the company increased by two times, reaching 800,000 manat ($470,590).