BSTDB announces parameters of bond issue in manat

The bonds issued by the Black Sea Trade and development Bank (BSTDB) in Azerbaijani manat will be in circulation within 730 days, Report informs citing the Financial Markets Supervisory Authority (FIMSA).

The face value of interest-bearing, book-entry, unsecured bonds will be AZN 1,000, quantity – 10,000. Annual YTM will be 9.25%. Interest payments will be done once a quarter.