The auction for the placement of VMF LLC bonds has been held

On July 19, 2023, the "Opening Bell' ceremony was held at the Baku Stock Exchange to mark the first bond issuance of VMF LLC in the capital markets.

The bonds, with an 18-month maturity, a nominal value of 100 manat, and a total volume of 1,000,000 (one million) manat, were successfully placed 100% on the exchange with the support of the issuer's underwriter, Unicapital Investment Company. The bonds have an annual interest rate of 13%, with interest payments occurring every 3 months.

The ceremony for the "Opening Bell' was attended by officials from local and foreign companies, as well as representatives from the Central Bank of Azerbaijan, the Baku Stock Exchange, and the National Deposit Center.

Founded in 1997, VMF, the official distributor of globally renowned brands such as Longines, Rado, Maurice Lacroix, Raymond Weil, Versace, Salvatore Ferragamo, Tissot, Certina, Hamilton, Swatch, Flik-Flak, Seiko, Citizen, Obaku, VMF NF, VMF Rover, VMF Elli, Casio, Zippo, Victorinox, and others in Azerbaijan, showcased over 50 new and uniquely designed watch models during the event. This first-time event, organized for a large audience, received significant enthusiasm.

VMF founder Vahid Mustafayev spoke about the company's success journey to date. During his speech, Mr. Mustafayev also touched on the "VMF 2024" concept, mentioning plans to increase the number of 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.

The meeting continued with speeches from official representatives of the Baku Stock Exchange and Unicapital Investment Company. They noted that these bonds would play a significant role in diversifying financial instruments in the corporate securities market and creating a fertile investment environment with broader opportunities for investors.

Investors who could not participate in the auction for VMF bonds, which garnered significant interest, can contact Unicapital to acquire the securities on the secondary market.

It is worth noting that this auction marks the 4th 100% successful placement conducted by Unicapital in recent months.