The State Committee for Securities registered the issue of secured corporate bonds of AJC LLC totaling $ 11 million. These funds will be aimed mainly at expanding of the logistics company's activities in the Garadagh district of Baku.
The total production is 11 000 bonds with par value of $ 1,000 each. The securities have a guaranteed yield of 8% per annum. They will be outstanding for 2 years, Director of AJC Ruslan Jafarov told Turan.
The company expects strong interest in these securities from the corporate clients, as they are secured by a bank guarantee of JSC Bank Standard. Part of the funds from the sale of the bonds will be used to repay loans borrowed by AJC.
Placement of the bonds will begin in the coming days at the Baku Stock Exchange.
Ltd. AJC acts since 2007. Its founder is Standard Leasing (subsidiary of JSC AB Standard).
Ltd. AJC owns Garadagh logistics center, which has an open area of the territory of 70,000 square meters and office and warehouse space of 10 000 square meters. The customers include AzMaddi Techizat Services, Wartsila Azerbaijan LLC, Baker Hughes, Providence Deutsch, Welltek, Workplace Interiors, Turkuaz Machinery, SOCAR-AQS and Rigmarine Europe Ltd. ---- 08B
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