3 investors are interested in Embafinans bonds

17:11 - 1.03.2024

March 1, Fineko/abc.az. Embafinans CJSC placed bonds for 1.5 million manats on March 1, 2024.

According to the Baku Stock Exchange, the bonds were issued with maturity of 18 months and at rate of 11.5% per annum (coupon payment is every 3 months).

The issue is divided into 1,500 bonds with nominal value of 1,000 manats per security. The total amount of applications submitted by 3 investors reached 1.5 million manats.

The maturity date of the bonds is September 1, 2025.

The placement underwriter was investment company ABB-Invest CJSC.

Embafinans will use the finances raised from the placement to expand its loan portfolio.

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