The Baku Stock Exchange will hold an auction on the placement of bonds of AzFinance Investment Company tomorrow, July 28.
Report informs, citing the stock exchange, that, according to the decision of the stock exchange's Listing Committee, 1,000 unsecured, book-entry registered bonds with a face value of $1,000 each were included in the standard segment of the market. The securities will be placed using the competitive auction method and will be in circulation for 1 year. Their annual yield and frequency of interest payments will be determined during the auction.
The issue itself is the underwriter of the process. However, those wishing to buy bonds can also apply to other investment companies that are members of the Baku Stock Exchange.