Rabitabank raises AZN 10 million by issuing bonds

12:49 - 26.09.2023

September 26, Fineko/abc.az. On September 18, by the decision of the Baku Stock Exchange Committee, the bonds of Rabitabank OJSC for totally AZN 10 million were included in the listing in the premium segment of the market.

ABC.AZ reports that the placement of bonds will be carried out by a competitive auction on the BSE.

The date of the auction will be announced to investors on the BFB web page at least 2 business days before the start of the placement.

The underwriter for the placement is investment company Capital Partners.

The number of interest-bearing bonds is 100,000, the nominal value of each is 100 manats, the annual interest rate is 9.5%, the circulation period is 2 years, the interest payment period is every 3 months.

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