Yesterday Baku Stock Exchange arranged trades, whereby OJSC Unibank managed to place bonds with a total nominal value of 10 million manat. An unknown investor for each bond worth 1,000 manat paid 7.31 manat more.
According to BSE, 50% of the bonds issued by Unibank have been placed. The bank bonds promising their customers gain of 9.75% per annum are offered to investors from 24 December.
OJSC Unibank is one of the active participants of the securities market in Azerbaijan. The bank has a solid experience in the sale of corporate bonds. The latest issue of bonds (AZ2010002023) will be in circulation for 720 days. ----08D
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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