Mysterious foreigners invest in Azerbaijan"s economy another $ 250 million

BAKU/07.03.14/Turan : Foreign company "Mercury Investment & Holdings ltd" in Azerbaijan plans to issue bonds for $ 250 million - with a delay the official portal of the State Securities Committee (http://www.scs.gov.az / new /? sec = news & type = 4 & lang = 1 & id = 645 ) .

SSC 28 February registered the issue prospectus of bonds. Emission is divided into 2.5 million of unsecured bonds with par value of $ 100 for each security. Subscribe to the placement of bonds - closed.

This is not the first financial injection of the local economy without explanation of intentions, demonstrating and laundering money too. So, 7 August 2012 there was registered an issue of interest debentures in the amount of $ 200 million The same company July 15 last year put bonds on the record so far for the country in the amount of $ 250 million (2.5 million bonds with par value of $ 100). And on November 15 last year registered prospectus for $ 70 million (0.7 million bonds with par value of $ 100). And again this was by private subscription.

Turan was told in the SSC, the company Mercury Investment & Holdings ltd is a legal entity the Isle of Man. The information on projects funded by the mysterious "foreigners" is said to be closed.

Turan correspondent found that the company Mercury Investment & Holdings ltd was established in 2005 on the Isle of Man, where the largest in the South Caucasus steel company LLC Baku Steel Company (BSC) is registered.

At the January meeting of the Cabinet of Ministers on the basis of socio-economic development of the country in the past year, President Ilham Aliyev declared 2014 the "Year of industry." He particularly highlighted the need for accelerated development of the metallurgical complex, which unites all the links of the production chain - from raw materials to finished products. In this context also contains the idea of building a steel plant Hovsan capacity of 750 000 tonnes in the design and technical equipment which will attend the famous German company Siemens AG.

Last year, the industrial giant from Germany signed an agreement with BSC, has announced plans to build a metallurgical complex with capacity of 1 million tons.

It is possible that total investment ($ 770 million) in the form of bonds "Mercury Investment & Holdings ltd" carried out under this project. - 17D-