JSC Union Leasing been realized on the first day of placement at the Baku Stock Exchange bonds for AZN 3 million of issued AZN 5 million, according to the BSE.
Leasing Company was established at the end of March this year, a single individual (Ismailov Rufat Abdul oglu). According to the prospectus of bonds is June 1, the company's liabilities reached 7 million manat. Borrowed from the issue proceeds will be used to expand the company's leasing portfolio.
It is noteworthy that JSC Union Leasing bonds guaranteed by JSC Investment and Commercial Bank NIKOIL. In the case of non-fulfillment of obligations on the bonds, the guarantor bank guarantees payment to bond holders is 5.5 million manat.
Union Leasing bonds issued for a period of 3 years at 11% per annum.
Corporate bonds are the most common tool of capital market in Azerbaijan. Currently listed on the BSE are 38 bond issues. Only in July of this year registered the issue of corporate bonds of four, including two leasing companies - Union Leasing (AZN 5 million) and LLC Ecoleasing (AZN 1 million). - 08D-
Economics
-
In July 2024, the State Oil Fund of the Republic of Azerbaijan (SOFAR) reported a sharp increase in currency sales, reaching $826.3 million. This figure is three times higher than the $272.7 million recorded in July 2023 and twice the amount for June 2024.
-
The State Statistics Committee has reported a decline in Azerbaijan's grain production for the first half of 2024, with output totaling 1.96 million tons of grain and legumes, including corn. This represents a 5.6% decrease compared to the same period last year.
-
Azerbaijan's President Ilham Aliyev has issued a decree making significant amendments to existing presidential decrees to align with the new law on payment services and payment systems, effective from July 14, 2023.
-
Azerbaijani President Ilham Aliyev has approved new regulations governing tourism and recreation zones as part of a broader effort to enhance the sector's infrastructure and investment framework.
Leave a review