The auction for VMF LLC bonds, underwritten by Unicapital OJSC, is taking place

On July 19, 2023, the placement of VMF LLC's bonds will take place. These bonds have an 18-month maturity, a nominal value of 100 manat, an annual interest rate of 13%, and a coupon payment period of every 3 months, with a total volume of 1 million manat. They are interest-bearing, unsecured, and registered bonds.

The auction will be conducted at the Baku Stock Exchange using a single-price auction method (at nominal value), with underwriting support from Unicapital Investment Company OJSC.

VMF, the official distributor of renowned brands such as Longines, Rado, Maurice Lacroix, Raymond Weil, VMF NF, VMF Rover, VMF Elli, Casio, Zippo, and Victorinox in Azerbaijan, continuously invests in innovations and technologies to keep pace with global market developments. As part of the 'VMF 2024' concept, VMF aims to expand its sales points in Azerbaijan to 30, implement positive technological changes, create a new multi-brand environment, and integrate the sales process with the entertainment segment.

Founded in 1997 by Vahid Mustafayev and considered a creator of quality watch culture in Azerbaijan, VMF constructed the first precision mechanisms production facility, VMF Natural Frequencies, in Azerbaijan in 2018. To date, the company has ensured the entry of more than 15 000 national watches into global markets.

Unicapital Investment Company, known for its multi-faceted services in underwriting, investment, and derivative financial instruments, continues to be in the spotlight for its commendable support to issuers and contributions to the securities market.

Unicapital JSC offers reliable and straightforward underwriting services to help its corporate clients expand their businesses, attract additional capital, and list their existing shares and bonds on the stock exchange.

Today, Unicapital Investment Company OJSC, with over 600,000 clients and a charter capital fully owned by Unibank KB OJSC, has been a professional participant in the securities market since 2007 and is the first and longest-serving member of the Baku Stock Exchange.

Interested parties wishing to participate in the auction can contact Unicapital Investment Company OJSC, the underwriter of the issuance, by July 17, 2023.