AccessBank launched its bonds on the Baku Stock Exchange

28 June 2024
On June 28, 2024, the Baku Stock Exchange (BSE) hosted an "Opening Bell" ceremony to commemorate the introduction of manat-denominated bonds by AccessBank into the capital market.

AccessBank thereby introduced new financial instruments denominated in the local currency, with the bond issuance amounting to 5,000,000 manats, commencing with the ringing of the opening bell.
Each bond issued has a nominal value of 1,000 manats, carries an annual interest rate of 10%, and features a repayment schedule every 90 days over an 18-month term. The placement of these non-documentary named interest-bearing unsecured bonds was facilitated by the investment company ABB-Invest.

"In line with our strategic goals, we will allocate the funds obtained from the issuance to increase financial accessibility and expand business lending in the regions of Azerbaijan," - said Orkhan Ismayilov, Deputy Chairman of the Management Board and Chief Financial Officer of AccessBank.

To conclude the event, representatives from AccessBank, the Baku Stock Exchange, and investment company IBB-Invest rang the bell, signifying the bonds' debut on the primary market and initiating trading on the Baku Stock Exchange floor.
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