Mercury Investment and Holdings Ltd company has issued the second lot of interest-bearing unsecured bonds with a total face value of $250 million. Therefore, the portfolio of securities of little known Azerbaijani company could be increased up to $450 million.
On July 15, 2013 the State Securities Committee registered the issue of bonds of Mercury Investment and Holdings Ltd with the face value of $100 each. The bonds are planned to be placed in a closed way. This means that the securities will be purchased either by the company’s founder, or by a strategic investor.
In August 2012, when the first issue of bonds ofthe company worth $200 million was registered, the Commite told Turan that the company is a juridical person of the island Man. The information about the company is unavailable in the register of juridical persons of Azerbaijan, which is controlled by the Taxes Ministry. It is reported that the company was founded in November 2005 and was disbanded in May 2010.
It is unclear where these funds are invested and who controls the company. Last year the Committee told Turan that the bonds will be retired by 2027.—0—
Economics
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