Industry

Accessbank to place bonds on 29 November

The Baku Stock Exchange will conduct an auction on placement of $5 million worth interest-bearing, unsecured, book-entry, registered bonds with code IRIN2004004282 and maturity of 18 months on November 29.

 

This was reported by the BSE.

 

The report said that the bonds will be placed by a competitive auction method.

 

By the decision of the Stock Exchange Listing Committee, 5,000 bonds with face value starting from USD1,000 were included into standard segment of the market. They are promised a yield of 5.5% per annum. Interest will be paid every 3 months. The underwriter for the offering is the investment company “ABB-─░nvest” and the sub-underwriter is the investment company “Unicapital

 

Source: Turan News Agency