An auction on placement of bonds of Azerbaijan’s Express-C LLC has been held at the Baku Stock Exchange (BSE), Trend reports on Dec. 2.

At the stock exchange, 2,000 bonds with a par value of 1,000 manat ($588.2) each, worth two million manat ($1.18 million), were placed with a maturity of two years and an annual rate of 12.5 percent.

The company placed the bonds at the BSE for the first time.

Source: Trend News Agency