Auction on placement of IBA’s bonds to be held


May 27, Fineko/ The auction for the placement of bonds of the International Bank of Azerbaijan (IBA; Azeri acronym: ABB) for AZN 20 million will be held on 1 June.

ABC.AZ reports with reference to the BSE that the issue is divided into 20,000 securities with nominal value of 1,000 manats per bond.

The maturity of the bonds is two years, the yield is 6% per annum. The coupon payment will be made once a quarter.

The underwriter of the bond placement will be investment company ABB-Invest.