An auction on placement of bonds of TBC Credit LLC was held

On July 14, 2022, the auction on placement of interest-bearing, unsecured undocumented, registered bonds of “TBC Kredit” NBCI LLC with state registration number AZ2006019163 with the circulation period of 2 (two) calendar years in the amount of 1,000,000.00 AZN was completed at Baku Stock Exchange.

4 orders were submitted by 4 investors during the auction.

The auction price of the bond was set at AZN 1,000.00.

The annual interest rate of the bond is 12%, interest payments are made to investors every 6 calendar months.

The total amount of orders at face value was AZN 1,000,000.00. The volume of bonds placed at face value was AZN 1,000,000.00.

The maturity date of the notes is 14.07.2024.

The underwriter for the placement is AzFinance Investment Company CJSC.