Azerbaijan Mortgage Fund (AMF) returned to the stock market, abandoned on June 10 last year.
According to the report structure, the State Securities Committee (SSC) on December 30 with the ISIN-code AZ2009008684 registered the issue prospectus of interest covered bonds in the amount of 50 million manat. AMF intends to sell 50,000 bonds with nominal value of each of them in 1,000 manat. The rate for the next issue of securities is set at 3%.
This is not the first mortgage fund to raise finance through bonds. Until June 10, 2014 there were taken 8 bond issues totaling AZN 340 million. (55 million, 75 million, 60 million, 20 million, 30 million, 40 million, 20 million, 40 million manat respectively). --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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