BSTDB to place 1st tranche of bonds in Azerbaijani manats on 1 August


July 26, Fineko/ The Black Sea Bank of trade and development (BSTDB) on 1 August to conduct placement at the Baku stock exchange (BSE) bonds in the amount of AZN 10 million.

According to the BSE, 10,000 bonds with par value of 1,000 manats for a valuable bond will be put into circulation.

The circulation term of the bonds will be 730 days. The yield on them will be 9.25% per annum and interest payments to holders will be made quarterly.

The maturity date of the bonds is 31 July 2021.

The placement underwriter is investment company PASHA Kapital.