Baku Stock Exchange to hold auction on placement of state short-term bonds

  24 September 2020    Read: 587
Baku Stock Exchange to hold auction on placement of state short-term bonds

Baku Stock Exchange (BSE) will hold an auction on placement of state short-term bonds worth 30 million manat ($17.6 million) on September 29,

Bonds with a face value of 100 manat ($58.8) and a circulation period of 364 days will be offered.

The orders during the auction will be accepted from 11:00 (GMT+4) to 12:30 (GMT+4) in accordance with the BSE’s trade regulations.

The deadline for payment on bonds is September 28, 2021.

During the auction, acceptance of non-competitive orders is allowed if the bond issue doesn’t exceed 20 percent.


Those who are interested in attending the auction can contact investment companies - members of the BSE.

PASHA Capital Investment Company is an underwriter on issuing of state bonds.

 

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