From today begins the placement of bonds by ParaBank
The BSE today begins placement of interest book-entry registered unsecured bonds of ParaBank. Underwriter of securities placement is LLC Chelsea Capital.
The State Committee for Securities registered in the end of December last year, the prospectus of ParaBank bonds totaling 6 million manat. Nominal value of one bond is 1000 AZN, the term is 5 years, and the annual interest rate is 15%.
Most recently, in August last year was state registration of the prospectus of unsecured interest-bearing book-entry registered bonds for AZN 10 million, according to the same percentage rate.-15D--
Economics
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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The architectural company El & En has received several contracts worth a total of AZN 805,593 from the Committee for Urban Planning and Architecture. Additionally, the Territorial Construction Planning Center commissioned projects from the private company El & En worth several hundred thousand manats. These architectural projects involve work in liberated territories and other regions of Azerbaijan. The co-owner of this company, along with his son, is Elbay Gasimzade, the head of the Public Council under the State Committee for Urban Planning and Architecture and simultaneously the Chairman of the Union of Architects.
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