Some 250,000 securities, with par value of 100 manats each and a maturity of 728 days, will be placed at the auction. The interest rate will be 8 percent per annum.
Interest payments during the circulation period will be made four times. The maturity of the bonds is July 27, 2021.
During the auction, non-competitive bids may take up to 20 percent of the bond issue.
Azerbaijan’s PASHA Capital investment company will be the issue underwriter.
($1=1.7 AZN on July 24)
More about: Finance
