An auction was held for the placement of bonds of "GL" OJSC

An auction was held for the placement of bonds of "GL" OJSC.

On October 10, 2023, "GL" OJSC has a turnover period of 5 years (1 year-360 days) on the Baku Stock Exchange, state registration number AZ2013020287 with a nominal value of 1,000 manats, in the amount of 425,000 (four hundred and twenty five thousand) manats The auction for the placement of interest-bearing, unsecured undocumented bonds has been concluded.

During the auction, 6 orders were submitted by 6 investors. The annual interest rate of the bond is 12%, and the interest payment period is once every month (1 month - 30 days).

The total amount of the orders with the auction price of 1,000 manats at the nominal price was 399,000 manats. The volume of bonds placed at nominal price was 399,000 manats.

The underwriter for placement is "INVEST-AZ Investment Company" JSC.