Embafinans bonds included in listing


July 15, Fineko/abc.az. In accord with the decision of the Listing Committee of the Baku Stock Exchange (BSE) from 15 July the bonds of NBCO Embafinans have been included in the listing in the standard market segment. 

ABC.AZ was informed at the BSE that the placement of the listed bonds will be carried out on 17 July using a competitive auction method.

The lower limit of the proposed bid is set at 1,000 manats in accordance with the nominal value of the bond. The term of circulation of bonds for the total amount of 1.5 million manats will be 365 days and 11% of the annual interest rate, which will be paid every calendar month from the date of their placement. The number of interest-bearing unsecured bonds is 1,500 and the nominal value is 1,000 manats.

The placement underwriter is UniCapital investment company.