On December 17, the Baku Stock Exchange held placement of unsecured bonds of Bakcell Ltd.
Securities totaling 40 million manat of the mobile operator were bought by one investor. The underwriter of the securities is the brokerage company Pasha Capital.
Recall that this is the second issue of corporate bonds of Bakcell. In December 2011, all the 40,000 securities of the company were bought up by Pasha Bank, which acted as market maker of the Central Bank.
The bonds will be in circulation for more than 1080 days. Annual interest rate on the bonds is 9%. Interest thereon will be paid every three months.
By the end of 2013, the company paid to the sole shareholder (the company GBIT 1996 Ltd, British Virgin Islands) 66 million 890.2 thousand AZN. -- 08D-
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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