The relatively new (in force since October 2013) non-bank credit organization FinEx Credit has begun the placement of bonds in the amount of $ 400 thousand.
According to the Baku Stock Exchange (BSE), the issue of unsecured securities is included in the non-quotation list of BSE and is divided into 800 units of par value of $ 500 per bond.
The term of the accommodation is 720 days and the yield is 14% per annum. The underwriter of the bonds placement is LLC Tekhnika Capital Management. The placement is made by public subscription.
According to the official proposal, FinEx Credit plans to use the proceeds from the bond issue to finance leasing operations of small and medium enterprises in Azerbaijan.
NBCO FinEx Credit was registered in 2013. Its authorized capital is 500 thousand manat. The shareholders are one entity and two individuals. --17D-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review