The management of Amrahbank cannot cope with the plans for repayment of the additional issue of shares amounting to 4,316,500 AZN and decided to issue bonds.
According to the report by the State Securities Committee (SSC), yesterday it registered the prospectus of the expected emissions at $ 10 million. The issue of unsecured bonds has been divided into 100,000 bonds in denominations of $ 100 per security. Placement of the bonds is expected on the open subscription.
JSC Amrahbank with a registered capital of 39 million 844.4 thousand manat has been in the market since 1993. Its main shareholder is the International Investment Bank (45.84%), as well as individuals owning the remaining stake. --17D-
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review