BSTDB bonds to be placed at basic market segment - UPDATED

The Listing Committee of the Baku Stock Exchange (BSE) has held a meeting today.

Report informs citing BSE that it was decided to add the bonds of the Black Sea Trade and Development Bank (BSTDB) to the listing at the basic market segment.

On July 16, the Financial Markets Supervisory Authority (FIMSA) registered the bonds of the Black Sea Trade and Development Bank (BSTDB) with the face value of AZN 1,000, quantity – 10,000. The securities will be placed in public offering next month. Annual YTM will be 9.25% and period of circulation is 730 days. Interest payments will be done once a quarter.

The auction on placement of BSTDB bonds will be held on August 1. Collection of the orders will be organized from 11:00 a.m. to 12:30 p.m. Those interested in participating in the auction can apply to PASHA Capital CJSC, as well as other investment companies, which are members of the BSE.