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 March 11, 2024, at the Baku Stock Exchange, each of the interest-bearing, unsecured undocumented bonds of "GL" OJSC, state registration number AZ2017020283, with a total value of 500,000 (five hundred thousand), has a maturity of 5 calendar days, the placement auction with a nominal value of 1,000 manats has been completed.

During the auction, 1 order was submitted by 1 investor. The annual interest rate of the bonds is 12%, and the interest payment period is once every month (assuming that each month is 30 (thirty) days).

The total amount of the orders with the auction price of 1,000 manats at the nominal price was 500,000 manats. The volume of bonds placed at nominal price was 500,000 manats.

The maturity date of the bonds is March 11, 2029.

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