The BSE today launches placement of unsecured interest-bearing book-entry bonds of Brand Credit. The underwriter is LLC Unicapital.
The State Committee for Securities registered in the beginning of this month the prospectus of Brand Credit bonds totaling 1 million manats. The par value of a bond is 1 AZN, the period is 1,080 days, and the annual interest rate - 14%.
Non-bank credit organization Brand Credit has been valid from 2011. The authorized capital of the company is 900 000 manats. One of the major shareholders (47% equity) is the Chairman of the Board of DekaBank. -15B -
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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