"FINCA Azerbaijan" NBCO to place new bonds tomorrow
Tomorrow the Baku Stock Exchange (BSE) will hold an auction on placement of new interest-free, unsecured, undocumented bonds of non-bank credit organisation "FINCA Azerbaijan" (NBCO) with the code AZ2006019205 ISIN, nominal value of USD 2.5 million, with 18-month circulation term. This is reported by the BSE.
The message says that by the decision of the BSE Listing Committee 2,500 bonds with face value from $1,000 were included in the standard segment of the market. Securities will be placed by competitive auction method. They are promised yield of 9% APR. Interest will be paid every 3 months. Underwriter of the offering is the investment company "Unicapital".
Finance
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