Baku: The subscription to ABB Bank’s bonds has concluded successfully, marking a new investment and income opportunity for citizens. The bank’s bond issues, each with a nominal value of 5 million manat and terms of 1 and 2 years, attracted significant interest from investors, with the total order volume exceeding 31.8 million manat-three times the offered volume. This strong demand highlights the confidence investors have in ABB Bank’s bonds and its reliability.
According to Azerbaijan State News Agency, the total order volume for the 1-year bonds, which offer an annual yield of 9%, reached 15,973,500 manat. A total of 136 investors participated, submitting 154 applications, out of which 152 were executed. Ultimately, 134 investors had their orders satisfied.
Meanwhile, the 2-year bonds, offering an annual yield of 10%, garnered a total order volume of 15,859,700 manat. This subscription saw participation from 146 investors, with 229 applications submitted and 219 executed, successfully fulfilling the orders of 138 investors.
Each bond, with a nominal value of 100 manat, was issued in batches of 50,000 units in a dematerialized form. These bonds are unsecured and unguaranteed, with interest payments to be made every 90 days. Importantly, interest income from these bonds for individuals is exempt from tax.
The placement of ABB Bank bonds was conducted through a public subscription on the Baku Stock Exchange, with opportunities for trading on the secondary market. ABB Bank bonds provide investors with a stable income source while contributing to the development of the country’s capital markets.
Investors can check the schedule for future bond issues of ABB Bank on the bank’s official website as new dates are announced. Additional information about ABB Bank’s products and services can be accessed at its branches, on its website, by calling the Information Center, or through its social media pages.