An auction on placement of bonds of Bank Respublika OJSC was held

On February 18, 2022, the auction on placement of interest-bearing, unsecured undocumented, registered bonds of Bank Respublika OJSC with state registration number AZ2004002880 with the circulation period of 2 (two) calendar years in the amount of 15,000,000.00 AZN was completed at Baku Stock Exchange.

During the auction, 8 orders with a price range of 991.04 AZN (8.9995%) and 1000.00 AZN (8.5%) manat were submitted by 8 investors.

The cut-off price of the bonds was set at 1000.00 AZN (8.5%) manat, the weighted average price was set at 1000.00 AZN (8.5%) manat.

The annual interest rate of the bond is 8.5%, and interest payments are made to investors every 6 calendar months.

The total amount of orders at face value was AZN 17,283,000.00. The volume of bonds placed at face value was AZN 15,000,000.00.

The maturity date of the bonds is 18.02.2024.

 The underwriter for the placement is Pasha Capital Investment Company CJSC.