Akkord Corporation fully repays bonds worth 50 million manat

Akkord Corporation fully repays bonds worth 50 million manat
# 08 November 2013 08:32 (UTC +04:00)

Baku – APA-Economics. Akkord Corporation has repaid the full value of bonds it issued for the first time. Repayment was done in accordance with the terms of issue as the circulation period of bonds issued in 2010 expired on November 7 this year.

The nominal value of an issued bond was 1,000 (one thousand) manat, the total nominal value of all bonds was 50,000,000 (fifty million) manat, the level of profitability was 12.5% per year. Totally 50,000 (fifty thousand) bonds were issued. The circulation period of bonds posted through a public offering was 3 years.

It should be noted that the successful experience with the placement of the first issue has strengthened Akkord Corporation's intention to continue attracting funds on the securities market.

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THE OPERATION IS BEING PERFORMED