State Committee for Securities registered the issue prospectus of interest-bearing book-entry unsecured bonds of "Brand Credit", for a total of 1 million manats. The par value of a bond is AZN 1,000, the period - 1080 days, the annual interest rate - 14%.
According to the prospectus, placement will be conducted by public subscription at the Baku Stock Exchange. Underwriter Securities LLC will act "Unicapital".
Non-bank credit organization Brand Credit is valid from 2011. The authorized capital of the company is 900 manats. One of the major shareholders (47% equity) is the chairman of the board of DekaBank. -15B ---
Economics
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Azerbaijan’s corporate sector needs to develop an appropriate system for assessing employees, according to Jalal Gasimov, CEO of PASHA Holding. Speaking at the Human Development Forum in Baku, Gasimov emphasized the importance of moving beyond merely evaluating employees based on performance outcomes.
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