11:46 - 28.11.2023

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November 28, Fineko/abc.az. The Asian Development Bank (ADB) has once again issued bonds in Azerbaijani manats and raised 14.5 million manats (about $8.5 million).

ABC.AZ reports that according to the ADB, this is the fifth gender bond of the bank issued in local currency, and it reflects ADB's strategy to attract investors to its borrowing program.

The bonds have 3-year maturity, annual interest rate of 6.25% and a payment every six months. The bonds are in Azerbaijani manats, but are calculated in US dollars, which makes it easier to attract international investors.

The bonds are listed on the Luxembourg Stock Exchange. The placement was organized by Goldman Sachs International and signed by two European institutional investors - the Currency Management Record and Capitulum Asset Management.