The local mobile operator, Bakcell will issue bonds worth 40 million manat.
According to the report of the State Committee for Securities (SCS), it registered a prospectus of securities for this. The emission is divided into 40,000 bonds with par value of 1 000 manat per security.
This is not the first issue of bonds - in 2011 the company carried out a bond issue for the same amount.
The company Bakcell is the first local mobile operator, which was established in March 1994. Its services cover 80% of the country. The number of active Bakcell subscribers is about 3 million. --17D-
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review