TBC Kredit NBCO puts up bonds for auction
By Trend
Azerbaijan's TBC Kredit non-banking credit organization (NBCO) auctioned unsecured non-documentary bonds worth one million manat ($588,588) with a circulation period of two years at the Baku Stock Exchange (BSE) on July 14, Trend reports citing the BSE.
According to the BSE, four investors submitted four bids.
The annual interest rate is 12 percent, and interest payments are paid to investors every six calendar months.
The maturity date of the bonds is July 14, 2024.
The placement underwriter is AzFinance Investment Company CJSC.
--
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!