On August 1, 2019, an auction on placement of the bonds of the Black Sea Trade and Development Bank (BSTDB) with the state registration number of AZ2001021487 was held at Baku Stock Exchange (BSE).
The orders for the bonds in the volume of AZN 10 million, which were put up for sale in public offering, made up AZN 81 million. In other words, the supply for the bonds exceeded the demand by eightfold. Number of order was 63.
So, the BSTDB, one of the international financial institutes, placed its first bonds in Azerbaijan’s securities market successfully.
According to the issuer’s decision, cut off price on the orders was set in the amount of AZN 1,036.9251 (7.25%) and weighted average price in the amount of AZN 1,038.5984 (7.16%). The turnover period is 730 days and the maturity date is July 31, 2021. Annual interest rate is 9.25% and the interests are paid once a quarter.