® Demand for ABB Bank bonds exceeded offer by three times!
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.
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