High-yield bonds to be issued in Azerbaijan

12:50 - 25.07.2024


July 25, Fineko/abc.az. NBCO Finex Kredit is preparing to issue high-yield bonds to the securities market.

ABC.AZ reports that bonds for totally 500,000 manats will be issued as part of the issue. 1,000 securities with nominal value of 500 manats will be put into circulation.

The annual interest rate is 17%, the circulation period is 3 years. In the period during which the bond is in circulation, the issuer will grant the investor the right to redeem the bonds.

The underwriting service will be rendered by PSG Kapital Investisiya.