Baku Stock Exchange (BSE) will hold an auction on placement of state short-term bonds worth 30 million manat ($17.6 million) on September 29,

Bonds with a face value of 100 manat ($58.8) and a circulation period of 364 days will be offered.

The orders during the auction will be accepted from 11:00 (GMT+4) to 12:30 (GMT+4) in accordance with the BSE’s trade regulations.

The deadline for payment on bonds is September 28, 2021.

During the auction, acceptance of non-competitive orders is allowed if the bond issue doesn’t exceed 20 percent.

Those who are interested in attending the auction can contact investment companies – members of the BSE.

PASHA Capital Investment Company is an underwriter on issuing of state bonds.