Insurance company buys NBCO bonds

Bakı Sığorta has acquired bonds of non-bank credit organization Asel Kredit LLC.

banks.az reports with reference to the ranking that speech is about 500 bonds for AZN 500,000 and with nominal value of 1,000 manats each.

The term of circulation of securities is 2 years, and the annual yield is 12%. The interest will be paid monthly.