Some 1.5 million securities at a par value of 100 manats each and a maturity period of 1,092 days will be put up for the auction.
The interest rate will be 9 percent per annum.
The maturity date for the bonds is July 5, 2021.
Interest payments during the circulation period will be made six times.
During the auction, non-competitive bids may account for up to 20 percent of the bond issue.
Azerbaijani investment company PASHA Capital will be the underwriter of the issuance.
(1 USD = 1.7 AZN on July 4)
More about: Azerbaijan finance
