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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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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