ABB has completed two bond placements totaling AZN 15 million, attracting AZN 22.17 million in orders, the bank announced on November 13.

The AZN 5 million one-year issue carries an 8.5% coupon; the AZN 10 million two-year issue pays 9%. Both were fully placed. Each bond has a face value of AZN 100, with interest paid every 30 days.

The bonds are unsecured. ABB-Invest arranged the placement. The bank also reported that the securities can be traded on the Baku Stock Exchange's secondary market.