Baku Stock Exchange April 4, 2013 to begin placement of interest-bearing book-entry registered bonds of FinansLizinq.
The State Committee for Securities registered at the end of March this year, the prospectus of FinansLizinq bonds and the total amount of 500 000 manats. The nominal value per bond is AZN 500, period is 720 days, and the annual interest rate is 14%. The underwriter of the securities is LLC Texnika Capital Management.
In the current year, the company launched bonds totaling 900 thousand manats, while for the whole of last year there bills in the amount of 700,000 AZN.
FinansLizinq has operated in the leasing market since 2007. Its shareholders are 16 individuals. - 15B -
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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