The BSE today begins placing unsecured, interest-bearing book-entry registered bonds of JSC Bank of Baku. The underwriter of securities placement is LLC Pasha Capital.
The State Committee for Securities registered in the beginning of this month, the prospectus of bonds Bank of Baku for a total of 10 million manat. The par value of a bond is 1 AZN, the period is 3 years, and the annual interest rate is 12%.
The Bank of Baku has been operating on the banking market since 1994. The shareholders are three businesses and two individuals, including Rafik Aliev (11.22% in the share capital) - brother of the disgraced Economic Development Minister Farhad Aliyev. -15D -
Economics
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Cargo transportation along the Middle Corridor (Trans-Caspian International Transport Route, TMTM) reached a record 3.3 million tons in 2024, marking a 20% increase year-on-year, according to the Secretary General of the International Association "Trans-Caspian International Transport Route" Khaydar Abdikerimov.
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Azerbaijan’s national carrier AZAL and Israel’s El Al Airlines have announced a new partnership under a codeshare agreement, allowing passengers of both airlines to access joint flights, the carriers said in a statement on Sunday.
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After a nearly five-year hiatus, passenger train services between Azerbaijan, Russia, and Georgia may soon resume, with tentative plans set for March or April. However, uncertainty remains as officials in Baku signal a more cautious approach, citing ongoing restrictions on land border crossings.
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Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
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