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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A high-level event titled “Trio of COP Presidencies Dialogue: Roadmap for Mission 1.5 towards a Future of Shared Prosperity” was held within the framework of the 29th session of the United Nations Climate Change Conference (COP29).
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The State Oil Company of the Azerbaijan Republic (SOCAR) and Slovakia's largest gas operator, Slovenský Plynárenský Priemysel (SPP), have signed a short-term pilot contract for the supply of natural gas, according to sources in Slovakia.
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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