Demand for Bank Respublika bonds exceeds AZN 17 million

16:55 - 18.02.2022


February 18, Fineko/abc.az. Bank Respublika has placed bonds for AZN 15 million at today’s auction. The demand for them exceeded AZN 17 million.

"Eight investors submitted eight applications at the auction. The total amount of applications submitted reached AZN 17.28 million. As a result of the auction, the entire volume of the issued bonds was placed – AZN 15 million," the Baku Stock Exchange informs.

The issue is divided into 15,000 bonds with nominal value of 1,000 manats per security.

The maturity of the bonds is 2 years, the coupon yield is 8.5% per annum (coupon payment is every 6 months).

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