The non-bank credit organization Mercury Credit has issued corporate bonds worth 1.5 million manats. This is the debut of the company since its appearance in the credit market in September 2012.
The investment company Tekhnika Capital Management told Turan the yield of the securities at a nominal value of 500 manats is at 15% per annum. The bonds will be in circulation within 2 years.
The securities will be placed at the Baku Stock Exchange.
Note that currently in circulation are 48 issues of corporate bonds of public and private companies. Active market participants are non-bank credit organizations, including Brand Credit, Finca Azerbaijan, Visa Credit, Credit House, City Finance, TBC Credit, Finex Credit, FINOKO and Prokredit. ---08D
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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