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 November 3, 2023, on the Baku Stock Exchange, "GL" OJSC has a turnover period of 5 years (1 year-360 days) calendar days, state registration number AZ2011020289 with a nominal value of 1,000 manats, and the amount of 700,000 (seven hundred thousand) manats. The auction for placement of interest-bearing, unsecured undocumented bonds has been concluded.

During the auction, 8 orders were submitted by 8 investors. The annual interest rate of the bond is 14%, 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 660,000 manats. The volume of bonds placed at nominal price was 660,000 manats.

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