Accord Corporation issued unsecured bonds worth 50 million manat, designed to accommodate the mass method. The State Committee for Securities registered the prospectus of the interest-bearing securities of the company on November 4.
This is actually the second in a row placement of corporate bonds by the corporation. The first issue of bonds for the same amount was carried out by JSC Accord Insaat Senaye (one of the founders of the corporation) in October 2010. The yield on the bonds was 12.5%. The funds are raised to finance investment projects of the JSC. Repayment of the bonds in accordance with the prospectus was completed at the end of September this year.
JSC Industrial Construction Investment Corporation Accord is one of the few non-financial companies traded in the capital market to raise funds. The main "players" of the market are banks, non-bank credit organizations, insurance and leasing companies.
The authorized capital of the corporation is AZN 84 million ($ 100 million). - 08D -
Economics
-
Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
-
The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
-
French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
-
Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
Leave a review