The subscription to ABB Bank's bonds, which have created a new
investment and income opportunity for citizens, has been
successfully completed. The bond issues, each with a nominal value
of 5 million manat and a term of 1 and 2 years, have received high
interest from investors. The total volume of orders for both issues
amounted to over 31.8 million manat. This is more than three times
the offered volume. This indicator once again confirms the strong
investor confidence in ABB Bank's bonds and the bank's
reliability.
The total order volume for the 1-year bonds with an annual yield
of 9% amounted to 15,973,500 manat. 136 investors participated in
this subscription, with 154 applications submitted, of which 152
were executed. In total, the orders of 134 investors were
satisfied.
The total order volume for the 2-year bonds with an annual yield
of 10% amounted to 15,859,700 manat. 146 investors participated in
this subscription, with 229 applications submitted, of which 219
were executed. As a result, the orders of 138 investors were
successfully fulfilled.
Bonds with a nominal value of 100 manat were issued in a batch
of 50,000 units for each issue. These bonds were issued in a
dematerialized form, with interest payments, unsecured and
unguaranteed. Interest payments to investors will be made every 90
days. Interest income from bonds for individuals is exempt from
tax.
The placement of ABB Bank bonds was carried out through a public
offering –subscription on the Baku Stock Exchange. There will also
be an opportunity for trading bonds on the secondary market.
ABB Bank bonds offer investors a stable and reliable source of
income, while also making a significant contribution to the
development of capital markets in the country.
You can familiarize yourself with the schedule of future bond
issues of ABB Bank on this website. Exact
dates will be provided as new issues are announced.
Information about modern, useful, and universal products and
services of ABB Bank can be obtained at the bank's branches and
offices, on the official website https://abb-bank.az/,
by calling the Information Center at 937, as well as on the bank's
official corporate pages on social media.