Azerbaijan’s BOA Agency attracts two investors for share auction

The Baku Stock Exchange (BSE) has held the next auction on the placement of ordinary, book-entry, registered bonds of the BOA Agency OJSC, Azerbaijan’s premier collection agency, in the amount of 110,000 manats, Report informs, citing BSE.

The shares were snapped up by two investors.

In the auction, 110,000 shares, each with a face value of 1 manat ($0.59), were made available to investors through a subscription in the standard market segment.

The two bids received matched the asking price, leading to a swift completion of the share placement. This infusion of capital has bolstered the agency’s authorized capital by 2.2 times, soaring from an initial 90,000 manats ($52,941) to a robust 200,000 manats ($117,647).

The BOA Agency was founded in 2011.