17:26 - 13.05.2026
May 13, Fineko/abc.az. An auction for the placement of interest-bearing, unsecured, non-documentary registered bonds of the International Bank of Azerbaijan (ABB) OJSC in the amount of 10 million manats has been held today at the Baku Stock Exchange (BSE).
ABC.AZ reports with reference to the BSE that 100,000 bonds with nominal value of 100 manats each were placed at the auction with the use of the mass auction method. The bonds were issued in 2 tranches of 5 million manats each.
The securities were offered to investors through a public offering, and 282 investors expressed interest in them. Thus, 154 applications from 136 investors for 15.974 million manats were submitted for the 1st tranche of bonds, and 229 applications from 146 investors for 15.86 million manats were submitted for the 2nd tranche, which provided 152 applications from 134 investors and 219 applications from 138 investors, respectively. Thus, the placement took place completely.
In the 1st tranche, the bonds have maturity of 12 months with annual interest rate of 10%, and in the 2nd tranche - 24 months with annual interest rate of 11%. Interests will be paid quarterly. The underwriter of the process is investment company ABB-Invest.
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