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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Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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