The State Committee for Securities registered the issue prospectus of interest-bearing book-entry registered bonds of AGBank, for a total of 12 million manat.
According to the prospectus, placement will be conducted by public subscription at the Baku Stock Exchange (BSE).
According to the BSE, the nominal value of each bond is 1 AZN, the period is 3 years, and the annual interest rate is 12%. The underwriter is Pasha Capital LLC.
AGBank has been operating on the banking market since 1992. Its shareholders are 22 businesses and 51 individuals. - 15D -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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