The First Interest Has Been Paid on AzerGold CJSC’s New Bonds

The first quarterly interest was paid on AzerGold Closed Joint-Stock Company's (CJSC) new bonds. A total of $300,000 has been distributed among the bondholders.

It is worth noting that AzerGold’s bonds, which contribute to the development of our country's securities market and provide citizens with profitable and reliable investment opportunities, have a nominal value of $100, a maturity period of 3 years, and a total value of $20,000,000 (twenty million). The new bonds have been issued with an annual coupon rate of 6%.

Recall that AzerGold’s bonds were first introduced for mass trading on the Baku Stock Exchange in 2020 through an auction. AzerGold’s bonds with PASHA Capital Investment Company CJSC as the underwriter brought interest income of $2,400,000 to investors over a 3-year maturity period.