Baku: The third stage of subscription to Bank ABB bonds has concluded with remarkable success, as investor interest significantly exceeded expectations. The 1-year and 2-year bond issues, each valued at AZN 5 million, saw a total application volume of AZN 19,846,100, nearly doubling the total offered issuance volume.

According to Azerbaijan State News Agency, the 1-year bond issue, which provides an annual yield of 9%, received applications totaling AZN 9,087,900. This attracted participation from 227 investors, who submitted 428 applications. Of these, 425 applications were fulfilled, satisfying the investment needs of 224 investors.

The 2-year bond issue, offering an annual yield of 10%, garnered applications amounting to AZN 10,758,200 from 181 investors. A total of 398 applications were submitted, with 392 fulfilled, satisfying 175 investors.

Each bond, with a nominal value of AZN 100, was issued in a volume of 50,000 units per issue. These bonds are registered, interest-bearing, unsecured, and issued in book-entry form. Investors will receive interest payments on a monthly basis, and individuals benefit from tax-exempt interest income.

The bonds were placed on the Baku Stock Exchange through a public offering subscription method, with provisions for their purchase and sale on the secondary market. Bank ABB bonds not only offer investors a chance to earn stable income but also play a significant role in developing the nation's capital market.

Prospective investors can access the schedule of Bank ABB's upcoming bond issues on the Bank's official website. Further information about Bank ABB's products and services is available through their branches, website, information center, and corporate social media pages.