Today, the Baku Stock Exchange CJSC held an auction on the placement of bonds of Azerbaijan Supermarket LLC, which manages the Bravo supermarket chain, in the amount of AZN10 million, Report informs with reference to the stock exchange.
According to the information, 10,000 interest-bearing, unsecured, uncertified, registered bonds with a par value of 1,000 manats each were put up for auction. The securities were offered to investors in a standard market segment by a competitive auction.
Ten investors submitted 14 bids with price intervals of AZN1002.549 (11.1185%) and AZN1.055.0898 (8.9812%), the total amount was AZN14.496 million, and the placement was carried out in full. According to the issuer's decision, the cut-off price of bonds was set at AZN1,054.5834 (9.0012%), and the weighted average - AZN1,054.6035 (9,0004%).
The securities will be in circulation for 3 years. Their annual return is 10.5%. Interest will be paid quarterly. The underwriter of the process is PASHA Capital Investment Company.
Redemption of bonds by the issuer during the circulation period is not provided.