AzerGold opens up to the world – Gold producer to issues new bonds

17.09.2020,14:51

September 17, Fineko/abc.az. AzerGold is likely to issue bonds for the first time.

ABC.AZ reports that the company is preparing to issue new high-yield bonds amid the stable development of the mining sector and a sharp increase in gold and silver prices on world markets.

Thus, the nominal value of AzerGold bonds that can be purchased by the general public is $100, and the annual interest rate is 4%. The circulation term of the bonds is 3 years, and the interest rates for bondholders are 3 months. The total issue of bonds is expected to be $20 million.

The sale of the bonds will be carried out using the mass offer method through the Baku Stock Exchange.