Yield on EBRD manat-denominated bonds falls 2%

Tomorrow, Azerbaijan's National Depository Center (NDC) will make the next interest payment on the European Bank for Reconstruction and Development (EBRD) bonds, issued on October 1 of last year in manats pegged to the AZIR index, Report informs referring to the NDC.

The coupon payment amount will be 1,610 manats per bond, which is 2% less than on July 1.

The total issue volume is 50 million manats. A total of 500 registered bonds with a floating interest rate and a nominal value of 100,000 manats each have been issued. The annual interest rate is 6.44%.

The underwriters of the issue are ABB-Invest and Unicapital investment companies.

($1=1.7 manats)