Bonds placement is beginning at the Bank of Baku. As stated in the BSE, the total volume of the issue is $ 12 million.
According to BSE, debentures of the Bank of Baku are included in the non-quotation sheet of the stock exchange.
The emission is divided into 12,000 bonds with par value of $ 1,000 per security. The placement term is 24 months and the yield is 11%. The underwriter of the placement is LLC Standard Capital.
The Bank of Baku was established in 1994 and is among the top ten banks in Azerbaijan. The shareholders are 3 legal persons and 2 individuals. - 17D-
Economics
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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